2015 - 2016 Tsinghua SEM 01

School of Economics and Management Tsinghua University 2014-2015 2015-2016 Tsinghua SEM 2015 - 2016 02 Contents

Contents

02 Deans’ Messages 06 About Tsinghua SEM 12 Faculty

04 Tsinghua Overview 06 Milestones 13 Accounting 09 Organizational Structure 15 Economics 10 The Advisory Board 20 Finance 24 Innovation, Entrepreneurship and Strategy

27 Leadership and Organization Management

30 Management Science and Engineering

33 Marketing 2015 - 2016 Tsinghua SEM Contents 01

To Advance Knowledge and Cultivate Leaders for and the World.

39 Programs 58 Research 65 International Collaborations 40 Undergraduate Programs 58 Research Overview 42 Doctoral Programs 59 Major Research Projects 68 Alumni 44 Master’s Programs 60 Selected Papers Published in International Journals in 2014 46 MBA Programs China Journal of Economics 48 EMBA Programs 63 Tsinghua Business Review 50 Executive Education 63 China Business Case Center 52 Tsinghua x-lab 63 Research Support 54 Online Education 64 56 Tsinghua SEM X-elerator Tsinghua SEM 2015 - 2016 02 Deans’ Messages

Deans’ Messages 2015 - 2016 Tsinghua SEM Deans’ Messages 03

Building socialism with Chinese characteristics requires many talented people in economics and management who understand both the general rules of the market economy and the particular circumstances of Chinese enterprises.

Tsinghua University School of Economics and Management should learn from all the great schools of economics and management around the world and adopt their teaching contents, methods and tools and apply them to the Chinese situation. Let Professor ZHU Rongji us work together toward the goal of building a world-class school Founding Dean of economics and management. (1984-2001)

February 22,1994

For over twenty years Tsinghua University School of Economics and Management has been growing fast along with the reform, opening-up and development of the Chinese economy. Today we continue to strive for building a world-class school of economics and management. The School benefits from the synergy of bringing two academic disciplines of economics and management into one institution. The School is committed to the excellence of both research and teaching for the purpose of advancing knowledge and cultivating leaders. The School cherishes ideas Professor QIAN Yingyi and theories, and at the same time values practical solutions and Dean (2006-) actions. The School combines China roots with global reach, and works to contribute to the development of China's economy and society as well as to make an impact in the world.

October 21, 2006 Tsinghua SEM 2015 - 2016 04 Tsinghua Overview

Tsinghua Overview

Establishing Year National key National National Key Disciplines ＊ Laboratories Laboratories 1911 39 1 13 Schools Departments National Engineering Ministry of Education Municipal Key Laboratories Key Laboratories Laboratories 19 55 7 17 15

Undergraduate The Second Registered students ＊ Undergraduate Students ＊ Programs＊ Degree Programs 74 10 45,237 15,692 Post-graduates ＊ Doctoral candidates ＊ Doctoral and Master’s Programs ＊ 65 18,296 11,249 International students ＊ , Macao and Taiwan Students ＊

Faculty and Staff 2,662 510 11,735 Library Collection (thousand volume) Faculty 3,356 4,788 Campus Area (hectare) Members of the Chinese Members of the Chinese Academy of Sciences Academy of Engineering 43 33 442

＊Including data from Peking Union Medical College, Tsinghua University Data as of December 31, 2014. 2015 - 2016 Tsinghua SEM Tsinghua Overview 05 Tsinghua SEM 2015 - 2016 06 About Tsinghua SEM

About Tsinghua SEM

Milestones

1926 1986 2001 • Department of Economics established with • Tsinghua SEM accredited to grant doctoral • ZHAO Chunjun became the second Dean of ZHU Binyuan as Chair degrees in Systems Engineering and Tsinghua SEM Technical Economics • Management Science and Engineering, • Old SEM Building completed and put into use Technical Economics and Management,

1928 and Econometrics named National Priority • CHEN Daisun appointed as Chair of 1991 Disciplines Department of Economics • Tsinghua SEM partnered with Harvard • MBA program launched Business School to launch the Tsinghua- Harvard executive education program 1952 1994 • Department of Economics merged into other • Tsinghua SEM celebrated its 10th universities under a nationwide academic anniversary, and Dean ZHU Rongji 2002 restructuring regime remarked: “If each of you runs an enterprise • EMBA program launched successfully, there is great hope for China's • Shunde Building, funded by a contribution economy” from Mr. S.T. Wu, was completed and put into use 1979 • Special-Term Professorship program

1997 launched • Department of Economics and Management • Tsinghua SEM relocated to new facilities Engineering established with DONG Xinbao in the Weilun Building, donated by Mr. and as Chair and FU Jiaji as Vice Chair Mrs. Quo-Wei Lee 2003 • Master’s in Management Engineering • International MBA program in collaboration • Tsinghua SEM accredited to grant doctoral program began with MIT Sloan School of Management degrees in Political Economy launched 1980

• Undergraduate program began 2004

1998 • Tsinghua SEM celebrated its 20th • Tsinghua SEM accredited to grant doctoral anniversary 1981 degrees in Econometrics and Enterprise • Department of Enterprise Management • Executive education program for high-level Management divided into Department of Human managers of enterprises began Resources, Department of Marketing and Department of Business Strategy and Policy 2000 • The Advisory Board established with ZHU Rongji as Honorary Chairman 2005 1984 • Tsinghua SEM accredited to grant doctoral • Tsinghua University Executive Vice- • Tsinghua University School of Economics and degrees in Business Administration President HE Jiankun became the third Management (Tsinghua SEM) established Dean of Tsinghua SEM with ZHU Rongji as founding dean 2015 - 2016 Tsinghua SEM About Tsinghua SEM 07

Master’s in Management (MiM) program • The Tsinghua-INSEAD dual degree EMBA

2006 initiated, first in China program ranked second globally and first • QIAN Yingyi became the fourth Dean of among EMBA programs in mainland China in Tsinghua SEM the Financial Times EMBA ranking • Tsinghua SEM accredited to grant doctoral 2011 degrees in Theoretical Economics and • Tsinghua Business Review launched Applied Economics • Founding Dean ZHU Rongji returned to 2014 • The second degree undergraduate SEM upon Tsinghua centennial celebration • Undergraduate admissions reform experiment initiated program in Economics began • Celebration held for the 85th anniversary of the Department of Economics • China Journal of Economics launched • Master’s in Management (MiM) program • Tsinghua SEM celebrated its 30th anniversary 2007 and Master’s in Finance program began • New buildings groundbreaking ceremony held • Tsinghua SEM became the first school • Doctoral programs restructured with • Tsinghua SEM Alumni Association founded on the Chinese mainland with AACSB admissions decisions made by department • Tsinghua-MIT Global MBA program in accreditation • Tsinghua SEM reaccredited by EQUIS collaboration with MIT Sloan School of • Management Science and Engineering, • Tsinghua SEM completed the second phase Management launched Business Administration, and Econometrics of the new IT project • Tsinghua SEM Core Values established named National Priority Disciplines • Undergraduate education reform won the first prize • Tsinghua-INSEAD dual degree executive of China national education achievement award MBA program began 2012 • Tsinghua-Columbia dual degree Master's • The faculty tenure-track system implemented program in business analytics launched • Tsinghua SEM became the first school on • The Tsinghua-INSEAD dual degree EMBA the Chinese mainland to earn maintenance 2008 program ranked third globally and first among • Tsinghua SEM accredited under of accreditation from AACSB EMBA programs in mainland China in the EQUIS, becoming the first university- • All new EMBA curriculum launched Financial Times EMBA ranking based business school on the Chinese • The Tsinghua-INSEAD dual degree EMBA • Tsinghua SEM Southeast Asia Alumni Association mainland with both AACSB and EQUIS program ranked fourth globally and first and Singapore Alumni Association founded accreditation among EMBA programs in mainland China • MBA education reform won the first prize of in the Financial Times EMBA ranking Chinese society of academic degrees and • The third phase of the new IT project completed 2009 graduate education achievement award • New undergraduate curriculum launched • New MBA curriculum launched 2013 2015 • Master’s in Professional Accounting • Department of Innovation, Entrepreneurship • Tsinghua-SMU Master's program in program launched and Strategy established management for CFO launched • Tsinghua x-lab launched • Tsinghua SEM X-elerator launched • The second degree undergraduate program • Tsinghua SEM North America Alumni 2010 in Management resumed • Tsinghua SEM completed the first phase Association founded • Tsinghua SEM Hong Kong Alumni of a new IT project • A track of Innovation, Entrepreneurship and Association founded • MBA admissions reform initiated Leadership of the second degree undergraduate • MBA+X dual-degree program launched • Master’s programs reform initiated, and program in Management offered • Tsinghua Post-EMBA program launched Tsinghua SEM 2015 - 2016 08 Organizational Structure 2015 - 2016 Tsinghua SEM Organizational Structure 09

Organizational Structure

Departments Program Offices Library and Laboratories

• Accounting • Academic Affairs Office • Library • Economics • Master's Programs Office • Management Information Systems Laboratory • Finance • MBA Programs • Enterprise Resources Planning (ERP) Laboratory • Innovation, Entrepreneurship and • EMBA Programs • Behavior and Communication Laboratory Strategy • Executive Education • Advanced ICT Laboratory • Leadership and Organization • Tsinghua x-lab Management • Online Education Office • Management Science and Engineering • Marketing

Research Centers Administrative Offices

• National Center for Economic Research • Research Center for Healthcare Management • Dean's Office • Research Center for Technological • China Data Center (CDC) • Faculty Development Office Innovation • Center for Corporate Governance • Research Affairs Office • Research Center for Contemporary • Center for Enterprise Growth and National • Staff Human Resources Office Management Economic Security Research • Accounting Office • China Business Research Center • Center for China-Latin America Management • IT/IS Office • China Business Case Center Studies • Logistic Office • National Entrepreneurship Research • Research Center for China’s Industrial • Student Affairs Office Center Development • Career Development Center • china center for financial research • Center for International Economic Research • Alumni Affairs Office • Center for China in the World Economy • Center for Globalization of Chinese • Resource Development Office • China Retail Research Center Enterprises • International Office • Research Base for Contemporary • Tsinghua University Research Center • Office of Marketing and Communications Management and Technological for Green Economy and Sustainable • Facilities Planning and Construction Office Innovation Development • National Institute for Fiscal Studies CPC Offices • China Research Center for Insurance and Risk Management • CPC Committee Office • Center for Leadership Development and • Undergraduate Student Affairs Office Research • Graduate Student Affairs Office Tsinghua SEM 2015 - 2016 10 The Advisory Board

The Advisory Board

The Advisory Board of Tsinghua University School of Economics and Management was founded in October 2000.

Honorary Chairman Members

ZHU Rongji Mary Barra Henri de Castries Founding Dean, School of Economics and CEO, General Motors Company Chairman and CEO, AXA Group Management, Tsinghua University (1984-2001) Former Premier, State Council, People’s Dominic Barton Jamie Dimon Republic of China (1998-2003) Global Managing Director, McKinsey & Company Chairman and CEO, JPMorgan Chase & Co. Honorary Members Lloyd C. Blankfein Robert Dudley Group Chief Executive, BP PLC Lord Browne of Madingley Chairman and CEO, The Goldman Sachs Group, Inc. Mark Fields Chairman, L1 Energy (UK) LLP President and CEO, Ford Motor Company Chairman, Huawei Technologies (UK) Ltd Sir John Bond Former Group Chief Executive, BP PLC Former Chairman, Vodafone Group PLC William E. Ford Former Group Chairman, HSBC Holdings PLC Henry M. Paulson, Jr. CEO, General Atlantic LLC Jim Breyer Chairman, Paulson Institute Victor K. Fung Former U.S. Secretary of the Treasury Founder and CEO, Breyer Capital Group Chairman, Fung Group Former Chairman and CEO, The Goldman Partner, Accel Partners Honorary Chairman, Li & Fung Limited Sachs Group, Inc. Carlos Brito Christopher B. Galvin H. Lee Scott, Jr. CEO, Anheuser-Busch InBev Chairman, CEO and Co-Founder, Harrison Chairman, The Business Advisory Board for BDT Street Capital LLC Capital CHANG Zhenming Former Chairman and CEO, Motorola Inc. Former President and CEO, Wal-Mart Stores, Inc. Chairman, CITIC Group Geoffrey Garrett WANG Qishan CHEN Jining Dean, The Wharton School of the University of Member, Standing Committee of Political Bureau Minister, Ministry of Environmental Protection, Pennsylvania of CPC Central Committee People’s Republic of China Secretary, CPC Central Commission for Former President, Tsinghua University Carlos Ghosn Discipline Inspection Chairman and CEO, The Renault-Nissan Alliance CHEN Yuan Chairman Vice Chairperson, The 12th National Committee Terry Gou of the Chinese People’s Political Consultative Founder and CEO, Foxconn Technology Group David M. Rubenstein Conference (CPPCC) Former Chairman, China Development Bank Maurice R. Greenberg Co-Founder and Co-CEO, The Carlyle Group Tim Cook Chairman and CEO, C. V. Starr & Co., Inc. Former Chairman & CEO, AIG Vice Chairman CEO, Apple GU Binglin QIU Yong Michael Corbat Chairman, Beijing Association for Science and President, Tsinghua University CEO, Citigroup Inc. Technology Former President, Tsinghua University 2015 - 2016 Tsinghua SEM The Advisory Board 11

GUO Shuqing LIU Mingkang Garth Saloner Governor, Province Former Chairman, China Banking Regulatory Dean, Stanford Graduate School of Business Former Chairman, China Securities Regulatory Commission Commission David Schmittlein LOU Jiwei HO Ching John C Head III Dean, MIT Sloan School of Minister, Ministry of Finance, People’s Management CEO, Temasek Holdings Private Limited Republic of China Stephen A. Schwarzman Nobuyuki Idei Andrónico Luksic Chairman, CEO and Co-Founder, Blackstone Founder and CEO, Quantum Leaps Corporation Chairman, Luksic Group Former Chairman and Group CEO, Sony Martin Senn Corporation Jack Ma CEO, Zurich Insurance Group Irwin Mark Jacobs Executive Chairman, Alibaba Group Risto K. Siilasmaa Founding Chairman and CEO Emeritus, MA Kai Chairman, Nokia Corporation Qualcomm Inc. Member, Political Bureau of CPC Central Chairman and Founder, F-Secure Corporation Muhtar Kent Committee Vice Premier, State Council, People’s John L. Thornton Chairman and CEO, The Coca-Cola Company Republic of China Chairman, Barrick Gold Corporation Henry R. Kravis Co-Chairman, Board of Trustees, Brookings Doug McMillon Institution Co-Chairman and Co-CEO, KKR President & CEO, Wal-mart Stores, Inc. Joseph M. Tucci Richard C. Levin Mike McNamara Chairman and CEO, EMC Corporation CEO, Coursera CEO, Flex Fomer President, Yale University Ben van Beurden Elon Musk CEO, Royal Dutch Shell PLC Richard Li Co-Founder, CEO and Product Architect, WANG Dazhong Founder and Chairman, Pacific Century Group Tesla Motors Former President, Tsinghua University Robin Li CEO and CTO, SpaceX Chairman, SolarCity Co-Founder, Chairman and CEO, Baidu Inc. Marjorie Yang satya nadella Chairman, Esquel Group LI Rongrong CEO, Microsoft Former Chairman, State-Owned Assets ZHAO Chunjun Supervision and Administration Commission Nitin Nohria Former Dean, School of Economics and Management, Tsinghua University LIU Chuanzhi Dean, Harvard Business School ZHOU Xiaochuan Chairman, Corporation Indra K. Nooyi Founder, Group Limited Vice Chairperson, The 12th National Committee Chairman and CEO, PepsiCo of the Chinese People’s Political Consultative LIU He Conference (CPPCC) Ginni Rometty Minister, Office of Central Leading Group on Governor, People’s Financial and Economic Affairs Chairman, President and CEO, IBM Mark Zuckerberg Founder, Chairman and CEO, Facebook Inc. Tsinghua SEM 2015 - 2016 12 Faculty

Faculty

Faculty

Tsinghua SEM has 160 full-time faculty members and 21 visiting faculty. 153 faculty members have Ph.D. degrees. three are "Thousand Talents Program" Professors. nine hold Cheung Kong Scholar Professorships. eight are chair professors. nine are recipients of the China National Science Foundation for Distinguished Young Scholars. 2015 - 2016 Tsinghua SEM Faculty 13

DU Shengli Associate Professor Department of Accounting

• Bachelor, 1984, Bayi Agricultural University • Ph.D., 1997, Renmin University of China Research Areas Management Control and Performance Evaluation, Capital Management and Corporate Finance, Financial Governance and Financial Ethics, Group Company and Finance Company, State-Owned Assets and State-Owned Enterprises

CHEN Guanting HAO Zhenping Associate Professor Professor

• Bachelor, 1985, Renmin University of China • Bachelor, 1982, Tianjin University of • Master, 1989, Renmin University of China Finance and Economics • Ph.D., 1997, Renmin University of China • Master, 1987, Tianjin University of Finance and Economics Research Areas • Ph.D., 1992, Tianjin University of Finance Corporate Internal Control and Risk and Economics Management, Internal Control Auditing, Fraud Auditing, Auditing Theory and Practices, Research Areas Taxation and Tax Planning Auditing Theories and Practices, Corporate Governance and Internal Control, Financial Accounting Theories and Practices, Multi- National Corporations and International Accounting

CHEN Wuzhao JIA Ning Associate Professor Associate Professor

• Bachelor, 1992, Zhongnan University of • Bachelor, 2002, University of Minnesota Finance and Economics • Master, 2004, Stanford University • Master, 1995, Research Institute for Fiscal • Ph.D., 2007, Stanford University Science, Ministry of Finance • Ph.D., 2004, Tsinghua University Research Areas Private Equity and Venture Capital, Research Areas Entrepreneurial Finance and Growth of Accounting and Capital Market, Corporate Startup Companies, Accounting Information Governance, Auditing, Corporate Internal and Capital Markets Control and Risk Management, Financial Statement Analysis

CHEN Xiao LI Dan Professor Associate Professor

• Bachelor, 1983, Wuhan Institute of • Bachelor, 2001, Beijing Institute of Technology Chemical Engineering • Ph.D., 2007, Georgia Institute of Technology • Master, 1989, University of Science and Technology of China Research Areas • Ph.D., 1996, Tulane University Financial Accounting, Enterprise IPOs, Audit Quality, Internal Controls Research Areas Accounting and Capital Market, Corporate Governance, International Taxation, Taxation and Business Strategy, Business Valuation Tsinghua SEM 2015 - 2016 14 Faculty

LUO Mei XIA Donglin Associate Professor Professor

• Bachelor, 1998, Tsinghua University • Bachelor, 1984, Jiangxi Institute of • Ph.D., 2004, University of California, Finance and Economics Berkeley • Master, 1990, Research Institute for Fiscal Science, Ministry of Finance Research Areas • Ph.D., 1994, Research Institute for Financial Accounting and Capital Market, Fiscal Science, Ministry of Finance Financial Statement Analysis and Equity Valuation, Earnings Management, Executive Research Areas Compensation, Securities Market Regulation Financial Reporting and Corporate Governance, Accounting Standards, Comparative Accounting

LUO Ting XIAO Xing Associate Professor Professor, Chair

• Bachelor, 1997, • Bachelor, 1994, Tsinghua University • Ph.D., 2007, University of • Master, 1997, Tsinghua University Wisconsin-Madison • Ph.D., 2004, Tsinghua University Research Areas Research Areas Accounting Information, Capital Corporate Finance, Corporate Market, Incentive Contracts Governance, Financial Statement Analysis, Financial Accounting

QIAN Ping XIE Deren Associate Professor Professor

• Bachelor, 1992, Sichuan University • Bachelor, 1993, Xiamen University • Master, 1995, Sichuan University • Ph.D., 1998, Xiamen University • Ph.D., 1998, Peking University Research Areas Research Areas Accounting and Interdisciplinary Study on Financial Information and Capital Market, Accounting, New Institutional Financial Information and Management Economics and the Theory of the Firm, Control, Financial Fraud Investigation, Accounting Standards, Corporate Venture Capital Governance and Executive Incentive, Regulation of CPA Industry

WANG Kun XUE Jian Associate Professor Associate Professor

• Bachelor, 1998, • Bachelor, 1998, Tsinghua University • Ph.D., 2003, Hong Kong University of • Master, 2000, Tsinghua University Science and Technology • Ph.D., 2006, Carnegie Mellon University Research Areas Research Areas Corporate Governance, Corporate Finance, Executive Compensation, Financial Accounting, Role of Information Financial Reporting in Financial Markets, Financial Analyst Behavior, Corporate Governance 2015 - 2016 Tsinghua SEM Faculty 15

YU Zengbiao Professor Department of Economics

• Bachelor, 1982, Hebei University • Ph.D., 1993, Xiamen University Research Areas Management Accounting, Behavioral Accounting, Design for Strategy Management Control Mechanisms, Accounting Education

ZHANG Haiyan BAI Chong-en Associate Professor Mansfield Freeman Chair Professor, Chair, Associate Dean

• Bachelor, 1994, Tsinghua University • Master, 1997, Tsinghua University • Bachelor, 1983, University of Science and • Ph.D., 2005, Hong Kong University of Technology of China Science and Technology • Ph.D., 1988, University of California, San Diego Research Areas • Ph.D., 1993, Harvard University Accounting Information and Corporate Governance, Managerial Accounting, Research Areas Auditing Public Economics, Growth and Development, Economics of Organization and Incentives, Corporate Governance, and Chinese Economy

ZHOU Li CAO Jing Research Fellow Associate Professor

• Bachelor, 1988, Southeast University • Bachelor, 1998, Peking University • Master, 1991, Southeast University • Master, 2001, Peking University • Ph.D., 2002, Tsinghua University • Ph.D., 2007, Harvard University Research Areas Research Areas Accounting, Public Policy, Research Policy Energy and Environmental Economics, Economics of Climate Change, Public Economics

Visiting Faculty GAO Ming Assistant Professor CHEN Qi • Bachelor, 2001, Tsinghua University Distinguished Visiting Professor, Co-chair • Master, 2003, Tsinghua University Walter M. Upchurch, Jr. Professor, Duke University • Ph.D., 2010, London Business School Research Areas Research Areas Microeconomic Theory, Industrial Role of Information in Financial Markets, Corporate Finance, Organization, Behavioral Economics, Corporate Governance and Incentive Mechanism, Corporate Governance Mutual Fund Behaviors, Financial Analysts Behavior Tsinghua SEM 2015 - 2016 16 Faculty

GUO Meixin LI Hongbin Assistant Professor C.V. Starr Chair Professor

• Bachelor, 2001, Nanjing University • Bachelor, 1993, China Agricultural University • Master, 2004, Peking University • Ph.D., 2001, Stanford University • Ph.D., 2010, University of California, Davis Research Areas Research Areas Development Economics, Labor Economics, International Macroeconomics/Finance, Transition Economics, Chinese Economy International Trade, Applied Econometrics, Macroeconomics

HAN Xiuyun LI Mingzhi Associate Professor Associate Professor

• Bachelor, 1982, Nankai University • Bachelor, 1987, Nankai University • Master, 1984, Nankai University • Master, 1990, Shanghai Jiaotong University • Ph.D., 1999, the University of Texas at Austin Research Areas Political Economics, Western Economics, Research Areas Theory and Practice of Socialist Industrial Organization, Electronic Commerce Economics, China and the World Economy

HONG Shengjie Jaimie Wei-Hung Lien Assistant Professor Assistant Professor

• Bachelor, 2005, Wuhan University • Bachelor, 2001, Wellesley College • Master, 2007, Wuhan University • Master, 2005, University of California, San Diego • Ph.D., 2012, University of Wisconsin-Madison • Ph.D., 2010, University of California, San Diego Research Areas Research Areas Econometric Theory, Applied Econometrics Microeconomics, Behavioral Economics

LI Bing LIU Lingling Assistant Professor Professor

• Bachelor, 2002, Nankai University • Bachelor, 1982, Harbin Normal University • Master, 2004, University of British Columbia • Master, 1991, Harbin Normal University • Ph.D., 2010, Indiana University • Ph.D., 1996, Renmin University of China Research Areas Research Areas Monetary Economics, Monetary and Fiscal Public Finance of China, Tax Law and Tax Policy Interactions, Applied Macroeconomics System, Macroeconomics, Rural Economy and Fiscal Policy, Transitional Economy and Theory of Modernization, Economic Game Theory and Design of the Fiscal System 2015 - 2016 Tsinghua SEM Faculty 17

LIU Qing MENG Lingsheng Associate Professor Associate Professor

• Bachelor, 1996, Xinjiang University of • Bachelor, 2002, Peking University Finance and Economics • Master, 2004, Chinese University of Hong Kong • Master, 1999, Zhejiang University • Ph.D., 2010, University of Maryland • Master, 2002, University of British Columbia • Ph.D., 2008, University of Toronto Research Areas Development Economics, Public Economics, Research Areas Labor Economics International Macroeconomics, Monetary Economics, Macroeconomics

LIU Xiao OUYANG Min Assistant Professor Associate Professor

• Bachelor, 2006, Renmin University of China • Bachelor, 2000, Peking University • Master, 2010, University of Michigan • Master, 2003, University of Maryland • Ph.D., 2012, University of Michigan • Ph.D., 2005, University of Maryland Research Areas Research Areas Experimental and Behavioral Economics, Macroeconomics, Applied Econometrics, Game Theory, Mechanism Design Industrial Organization, Labor Economics

LU Lin PAN Wenqing Assistant Professor Associate Professor

• Bachelor, 2002, Wuhan University • Bachelor, 1987, Northwest Normal University • Ph.D., 2010, University of Minnesota • Master, 1993, Lanzhou University • Ph.D., 1999, Renmin University of China Research Areas International Economics, Macroeconomics, Research Areas Economic Growth and Development Input-Output Analysis, Quantitative Economics, Regional Economics, International Economics

MA Hong QI Liangshu Associate Professor Associate Professor

• Bachelor, 2002, Fudan University • Bachelor, 1993, Nankai University • Master, 2004, University of California, Davis • Master, 1996, Peking University • Ph.D., 2009, University of California, Davis • Ph.D., 1999, Peking University Research Areas Research Areas International Trade, Applied Microeconomics, Health Economics, Development Economics Measurement in Economics Tsinghua SEM 2015 - 2016 18 Faculty

QIAN Yingyi WU Binzhen Professor, Dean Associate Professor

• Bachelor, 1982, Tsinghua University • Bachelor, 1998, Xi’an Jiaotong University • Master, 1982, Columbia University • Master, 2001, Peking University • Master, 1984, Yale University • Ph.D., 2006, University of Wisconsin-Madison • Ph.D., 1990, Harvard University Research Areas Research Areas Public Economics, Economics of Education, Comparative Economics, Institutional Applied Microeconomics Economics, Economics of Transition, Chinese Economy

QIAO Xue WU Kangping Assistant Professor Professor

• Bachelor, 1998, Peking University • Bachelor, 1982, Northwest University • Ph.D., 2007, Iowa State University • Master, 1985, Northwest University • Ph.D., 1989, Chinese Academy of Sciences Research Areas Macroeconomics, Contract Theory, Research Areas Unemployment Insurance Microeconomics, Macroeconomics, Economic Growth

SHI Xinzheng XU Yuan Associate Professor Assistant Professor

• Bachelor, 2000, Peking University • Bachelor, 2002, Fudan University • Master, 2003, Peking University • Ph.D., 2009, University of California, Davis • Ph.D., 2009, University of Michigan Research Areas Research Areas Macroeconomics, Monetary Economics, Development/Transition Economics, Public Financial Economics, International Economics, Applied Econometrics, Chinese Macroeconomics Economy

Alexander C. White YANG Siqun Assistant Professor Associate Professor

• Bachelor, 2005, Columbia University • Bachelor, 1986, Renmin University of China • Master, 2006, Toulouse School of Economics • Master, 1989, Chinese Academy of Social • Ph.D., 2010, Toulouse School of Economics Sciences • Ph.D., 1997, Chinese Academy of Social Research Areas Sciences Industrial Organization, Microeconomic Theory, Economics of the Internet Research Areas Economic Analysis of Investment and Consumption, Theory of Security Investment 2015 - 2016 Tsinghua SEM Faculty 19

YAO Wen ZHU Lin Assistant Professor Assistant Professor

• Bachelor, 2006, Fudan University • Bachelor, 2004, University of Science and • Bachelor, 2006, University of Birmingham Technology of China • Ph.D., 2011, University of Pennsylvania • Master, 2006, Indiana University, Bloomington • Ph.D., 2012, Indiana University, Bloomington Research Areas Macroeconomics, International Finance, Research Areas Computational Economics Set Inference for Partially Identified Models, Semiparametric/Nonparametric Estimation and Testing of Econometric Models, Time Series Econometrics

ZHAN Zhaoguo Visiting Faculty Assistant Professor CHEN Yan • Bachelor, 2003, Renmin University of China • Master, 2005, London School of Economics Daniel Kahneman Collegiate Professor of • Master, 2007, Brown University Information, University of Michigan • Ph.D., 2011, Brown University Research Areas Research Areas Experimental Economics, Mechanism Design, Econometrics, Applied Econometrics Information Economics

ZHENG Jie Assistant Professor Group of Mr. and Mrs. Tien Oung Liu Distinguished Visiting Chair Professor

• Bachelor, 2003, Tsinghua University • Master, 2005, Tsinghua University Philippe Aghion • Master, 2007, Washington University in St. Louis • Ph.D., 2011, Washington University in St. Louis Robert C. Waggoner Professor of Economics, Harvard University Research Areas Microeconomic Theory, Industrial Organization, Chang Tai Hsieh Mathematical Economics, Financial Economics, Phyllis and Irwin Winkelried Professor of Experimental Economics Economics, The University of Chicago Torsten Erik Persson Professor, Stockholm University Gerard Roland E. Morris Cox Professor of Economics and ZHONG Xiaohan Professor of Political Science, University of Associate Professor, Vice Chair California, Berkeley Kjetil Storesletten

• Bachelor, 1994, Tsinghua University Professor, University of Oslo • Master/Ph.D., 1999, Tsinghua University Aleh Tsyvinski Research Areas Arthur M. Okun Professor of Economics, Yale Development Economics, Labor Economics, University Political Economy, Applied Microeconomics, Chinese Economy Fabrizio Zilibotti Professor, University of Zurich Tsinghua SEM 2015 - 2016 20 Faculty

CHEN Yunling XU Chenggang Assistant Professor

Special-Term Professor Chung Hon-Dak Professor in Economic • Bachelor, 2002, Fudan University • Ph.D., 2010, Hong Kong University of Development, University of HongKong Science and Technology

Research Areas Research Areas Political Economics, Law and Finance, Corporate Finance, Financial Market, Contract Theory Development Economics Corporate Governance

DENG Yinglu Assistant Professor Department of Finance

• Bachelor, 2004, Peking University • Master, 2006, Peking University • Master, 2010, University of Texas at Austin • Ph.D., 2011, University of Texas at Austin

Research Areas Asset Pricing, Quantitative Finance, Risk Management, Insurance and Financial Innovation

CHEN Bingzheng GAO Feng Professor Associate Professor

• Bachelor, 1982, University of Science and • Bachelor, 1999, Tsinghua University Technology of China • Ph.D., 2006, Tsinghua University • Master, 1985, Renmin University of China • Ph.D., 1995, Tsinghua University Research Areas Financial Econometrics, Asset Pricing, Research Areas Risk Management Risk Management and Insurance, Enterprises Risk Management, Pension, Insurance-Linked Securitization

CHEN Taotao HE Ping Professor Associate Professor, Vice Chair

• Bachelor, 1988, Tsinghua University • Bachelor, 1997, Tsinghua University • Master, 1991, Research Institute for • Master, 2002, University of Pennsylvania Fiscal Science, Ministry of Finance • Ph.D., 2004, University of Pennsylvania • Ph.D., 2003, Tsinghua University Research Areas Research Areas Financial Institutions, Monetary Economics, FDI Spillovers, Globalization and Strategy, Corporate Finance International Economics and Management, Corporate Finance, Business Valuation and Valuation of Intangibles 2015 - 2016 Tsinghua SEM Faculty 21

HUANG Zhangkai LI Jinliang Associate Professor Associate Professor

• Bachelor, 1998, University of • Bachelor, 1997, Tsinghua University Foreign Studies • Ph.D., 2001, Syracuse University • Master, 1999, University of Essex • Ph.D., 2003, University of Oxford Research Areas Financial Markets, Entrepreneurial Finance, Research Areas Investments Corporate Finance, Law and Finance, Political Economy

JIANG Lei LI Minwen Assistant Professor Assistant Professor

• Bachelor, 2003, Harbin Institute of Technology • Bachelor, 1997, Peking University • Master, 2005, Harbin Institute of Technology • Master, 1999, Tsinghua University • Master, 2006, University of Virginia • Ph.D., 2010, University of Maryland • Ph.D., 2011, Emory University Research Areas Research Areas Corporate Finance, Financial Development, Empirical Asset Pricing, Stock Market Corporate Governance, Board Composition, Microstructure CEO Turnover and Compensation

Hoan Soo Lee LIU Chun Assistant Professor Associate Professor

• Bachelor, 2008, University of California, • Bachelor, 1999, Tsinghua University Berkeley • Master, 2001, Tsinghua University • Master, 2011, Harvard University • Ph.D., 2007, University of Toronto • Ph.D., 2013, Harvard University Research Areas Research Areas Corporate Finance, Venture Capital and Financial Econometrics, Financial Market, Private Equity, Entrepreneurial Finance and Risk Management Contract Theory

LI Daokui LU Yao Mansfield Freeman Chair Professor Associate Professor

• Bachelor, 1985, Tsinghua University • Bachelor, 2000, Central University of Finance • Ph.D., 1992, Harvard University and Economics • Master, 2003, New York University Research Areas • Ph.D., 2009, University of Michigan Macroeconomics, International Economics, Chinese Economy, Economic History Research Areas Corporate Finance, Corporate Governance, Capital Market Development and Internationalization, Law and Finance Tsinghua SEM 2015 - 2016 22 Faculty

PANG Jiaren WANG Hao Assistant Professor Associate Professor

• Bachelor, 2000, Peking University • Bachelor, 1995, Shenyang University of • Master, 2004, Vanderbilt University Technology • Ph.D., 2007, Washington University at St. Louis • MBA, 2000, Eastern Illinois University • Ph.D., 2007, McGill University Research Areas Corporate Finance, Corporate Governance, Research Areas Mergers and Acquisitions, Financial Markets Credit Risk, Fixed Income, Corporate and Institutions Finance

Michael R. Powers WANG Jun Zurich Insurance Group Chair Associate Professor Professor, Interim Chair

• Bachelor, 1995, Northern Jiaotong University • Bachelor, 1982, Yale University • Master, 1998, Peking University • Master, 1982, Yale University • Ph.D., 2008, Tsinghua University • Ph.D., 1987, Harvard University Research Areas Research Areas Insurance Economics, Risk Management, Government Regulation and Public Policy, Corporate Finance Applications of Game Theory in Risk and Insurance, Mathematical Models in Enterprise Risk Management, Tax Treatment of Risk Transfers

SHEN Tao WANG Yintian Assistant Professor Associate Professor

• Bachelor, 2006, Nankai University • Bachelor, 1998, Xi’an Jiaotong University • Master, 2008, Georgia Institute of Technology • Master, 2000, Queen’s University • Ph.D., 2013, University of Minnesota • Ph.D., 2006, McGill University Research Areas Research Areas Corporate Investment, Credit Risks, Corporate Derivatives, Econometric Modeling, Risk Merger and Acquisition Management

WANG Guiqin YANG Zhishu Associate Professor Professor

• Bachelor, 1986, Dalian Foreign Languages • Bachelor, 1988, Harbin Institute of Technology Institute • Master, 1995, Tsinghua University • Master, 1989, Tsinghua University • Ph.D., 2001, Tsinghua University • Ph.D., 2014, University of Electronic Science and Technology of China Research Areas Financial Market Microstructure, Behavioral Research Areas Finance, Corporate Finance, Banking and Financial Services Marketing, Strategic Financial Institutions, Econometrics of Corporate Communication, Negotiations Financial Markets 2015 - 2016 Tsinghua SEM Faculty 23

ZHANG Lihong ZHU Wuxiang Professor Professor

• Bachelor, 1988, Nankai University • Bachelor, 1987, Tsinghua University • Master, 1991, Nankai University • Master, 1989, Tsinghua University • Ph.D., 1999, Chinese Academy of Sciences • Ph.D., 2002, Tsinghua University Research Areas Research Areas Theory of Asset Pricing, Portfolio Corporate Finance, Industry Finance, Management, Stochastic Calculus, Risk Business Model Theory and Risk Management

ZHANG Taowei ZHU Yingzi Associate Professor Associate Professor

• Bachelor, 1984, Tsinghua University • Bachelor, 1991, University of Science and • Master, 1987, Tsinghua University Technology of China • Ph.D., 2000, Tsinghua University • Master, 1993, New York University • Ph.D, 1997, New York University Research Areas • MBA, 2002, New York University Financial Engineering (Financial Derivatives Development, Financial Risk Research Areas Management), Investment Banking (Private Asset Pricing, Investment, Asset Allocation Equity, M&A), International Finance, RMB and Investment Strategy Exchange Rate, Corporate Governance, Incentive and Restriction Mechanism

ZHAO Dongqing ZHU Yujie Associate Professor Professor

• Bachelor, 1994, Tsinghua University • Bachelor, 1992, Tsinghua University • Master, 1997, Tsinghua University • Master, 1994, Tsinghua University • Ph.D., 2006, Tsinghua University • Ph.D., 2005, Tsinghua University Research Areas Research Areas Corporate Finance Asset Pricing, Investment, Asset Allocation and Investment Strategy

ZHU Shiwu Visiting Faculty Associate Professor Niall Ferguson • Bachelor, 1983, Normal University • Master, 1987, Wuhan University Distinguished Visiting Professor • Ph.D., 1999, Shanghai University of Laurence A. Tisch Professor of History, Finance and Economics Harvard University Research Areas Research Areas Fixed Income, Risk Management, Financial Database, Financial Computation Economic & Financial History, International History and Modeling Tsinghua SEM 2015 - 2016 24 Faculty

DUAN Zhirong Assistant Professor HE Zhiguo

Special-Term Professor • Bachelor, 1994, Tsinghua University Professor, The University of Chicago • Master, 1997, Tsinghua University • Ph.D., 2007, Tsinghua University • Ph.D., 2011, University of New South Wales Research Areas Banking and Corporate Finance, Financial Markets and Crisis, Research Areas Contract Theory Marketing System (Assortments, Evolutionary Systems), Internationalization Strategy of Firms, Strategic Corporate Sustainable Development, Women Entrepreneurs

GAO Jian Professor, Senior Associate Department of Innovation, Dean

Entrepreneurship and • Bachelor, 1984, Chongqing Institute of Architecture Engineering Strategy • Master, 1987, Chongqing Institute of Architecture Engineering • Ph.D., 1996, Tsinghua University Research Areas Venture Capital, Entrepreneurial Finance, Entrepreneurship, Innovation and Technology Commercialization

CHEN Jin GAO Xudong Professor Associate Professor

• Bachelor, 1989, Zhejiang University • Bachelor, 1988, Harbin Institute of Technology • Ph.D., 1994, Zhejiang University • Master, 1991, Renmin University of China • Ph.D., 2003, Massachusetts Institute of Research Areas Technology Managing Technological Innovation, Business Administration Research Areas Competitive Strategy, Technology Strategy, Management of Technological Innovation

CHENG Yuan JIAO Jie Associate Professor Associate Professor, Associate Dean

• Bachelor, 1991, Huazhong University of Science and Technology • Bachelor, 1996, Tsinghua University • Master, 1996, Huazhong University of • MBA, 2002, Tsinghua University Science and Technology • Ph.D., 2006, the George Washington University • Ph.D., 2000, Tsinghua University Research Areas Research Areas Strategic Management and Strategic Management of Innovation, Technology Restructuring, Global Strategy, Regional Strategy, New Business Development, Development Strategy Entrepreneurship 2015 - 2016 Tsinghua SEM Faculty 25

JIN Yongjun LI Jizhen Associate Professor Associate Professor

• Bachelor, 1990, East China Normal University • Bachelor, 1997, Tsinghua University • Master, 1996, Peking University • Master/Ph.D., 2002, Tsinghua University Research Areas Research Areas M&A Related Intellectual Property Law, Law Management of Technological Innovation, of Corporation, Contracts and Chinese Tax Science and Technology Policy, Project Issue, Judicial Case Reviews, and General Management, Innovation Management and Management Case Study Entrepreneurial Management of SMEs

JIN Zhanming LI Xibao Professor Associate Professor

• Bachelor, 1980, Jilin University of Technology • Bachelor, 1993, Shanghai Jiaotong University • Master, 1983, Chinese Academy of • Master, 1998, Tsinghua University Agricultural and Mechanization Sciences • Master, 2001, The Ohio State University • Ph.D., 1989, China University of • Ph.D., 2003, The Ohio State University Mining and Technology Research Areas Research Areas Innovation Management, Entrepreneurial Strategic Management, Strategic Selection Management, Knowledge Management under e-Business Environment, Military Strategy and Enterprise Competition, M&A and Strategic Alliances, Leadership and Control in the Process of Strategic Management

LEI Jiasu NING Xiangdong Professor Professor

• Bachelor, 1983, Xi'an University of • Bachelor, 1988, Tsinghua University Finance and Economics • Master, 1990, Tsinghua University • Master, 1987, Northwestern University • Ph.D., 2003, Tsinghua University • Ph.D., 1993, Tsinghua University Research Areas Research Areas Corporate Governance, Strategic Theory of National Economic Security, Management, the Theory of Firm, Innovation, Entrepreneurship and Transition Economy of China Corporate Growth, Education of Innovation and Entrepreneurship, Economics of Innovation and Entrepreneurship

LI Donghong LU Chunyan Associate Professor, Vice Chair Associate Professor

• Bachelor, 1993, Lanzhou University • Bachelor, 1986, Peking University • Master, 1996, Lanzhou University • Master, 1989, Peking University • Ph.D., 1999, Renmin University of China Research Areas Research Areas Law of Corporation, Contracts and Strategy and Organizational Change for Related Judicial Case Comments Firm’s Sustained Growth, Strategic Alliances, International Strategies Tsinghua SEM 2015 - 2016 26 Faculty

SHI Yongheng WEI Linwei Associate Professor Associate Professor

• Bachelor, 1984, Tsinghua University • Bachelor, 1982, Northeast Heavy • Master, 1987, Tsinghua University Machinery Institute • Ph.D., 1990, Tsinghua University • Master, 1985, Tsinghua University Research Areas Research Areas International Business Management, Project, Program and Portfolio Strategy Management, Corporate Management, Project Finance and Cost Organization and Governance, Management, Program Evaluation (S&T International Trade and Development Project)

TONG Yunhuan Steven White Professor Associate Professor

• Bachelor, 1982, Huazhong Institute of • Bachelor, 1985, Duke University Technology • Master, 1988, International University of Japan • Master, 1986, Tsinghua University • Ph.D., 1997, Massachusetts Institute of Technology Research Areas Research Areas Management of Technology Innovation, Sustainable Development, Inclusive Innovation, Internationalization, Innovation, Strategy, Project Management, Theory and Methods of Strategy Execution, M&A, Alliances Evaluation/Assessment

WANG Yi WU Rui Associate Professor Assistant Professor

• Bachelor, 1993, Beijing University of • Bachelor, 2001, Peking University Astronautics and Aeronautics • Master, 2003, University of California, • Master, 1996, Tianjin University Los Angeles • Ph.D., 2000, Zhejiang University • Ph.D., 2010, University of Southern California Research Areas Research Areas Management of Technological Innovation, Strategic Alliances, Inter-firm Relationships, Strategic Management, Corporation Transaction Cost Theory, Resource-based Competence Theory, Organizational Learning

WEI Jie XIE Wei Tsinghua Tongfang Chair Professor Professor, Chair

• Bachelor (equivalent), 1979, Northwest University • Bachelor, 1989, PLA Transportation • Master, 1982, Northwest University Engineering College • Ph.D., 1987, Renmin University of China • Master, 1993, Southeast University • Ph.D., 1999, Tsinghua University Research Areas Corporate Institutional Arrangement, Corporate Research Areas Strategic Choice, Corporate Culture Cultivation, Strategic Alliance, Business Model, Corporate External Selecting Mechanism, Innovation Management Macroeconomic Policy Analysis, Macroeconomic Flow-of-funds Analysis, Market Economy Research 2015 - 2016 Tsinghua SEM Faculty 27

XIE Zhenzhen ZHU Hengyuan Assistant Professor Associate Professor, Vice Chair

• Bachelor, 2005, Tsinghua University • Bachelor, 1991, Tsinghua University • Master, 2007, Tilburg University • Master, 1998, Tsinghua University • Ph.D., 2013, Hong Kong University of • Master, 2000, Rensselaer Polytechnic Institute Science and Technology • Ph.D., 2006, Tsinghua University Research Areas Research Areas Foreign Direct Investment, Cross-border Organization and Process of New Product or Mergers and Acquisitions, Innovation, New Business Development, Entrepreneurship, Research & Development Alliances and Venture Creation and Growth Emerging Economies

XUE Lei Visiting Faculty Associate Professor CHEN Ming-Jer • Bachelor, 1982, Tsinghua University • Master, 1988, Tsinghua University Distinguished Honorary Guest Chair Professor • Ph.D., 2010, Tsinghua University Leslie E. Grayson Professor, University of Virginia Research Areas Research Areas Strategy and Innovation Management, Healthcare Management, Business History Competitive Dynamics, Ambicultrual Management, Global Strategy and Competiton

YANG Delin Professor Department of Leadership

• Bachelor, 1982, Huazhong Normal University • Master, 1991, Chinese Academy of Sciences and Organization • Ph.D., 1997, Chinese Academy of Social Sciences Management Research Areas Entrepreneurial Management, Management of Technological Innovation, Interactions between Industry and University, Management of Intellectual Property Rights

ZHANG Wei CHEN Guoquan Associate Professor Professor, Vice Chair

• Bachelor, 1995, Tsinghua University • Bachelor, 1990, Tsinghua University • Master, 1998, Tsinghua University • Master, 1991, Tsinghua University • Ph.D., 2002, Tsinghua University • Ph.D., 1994, Tsinghua University Research Areas Research Areas Venture Capital, Entrepreneurship, Organizational Learning, Learning Development and Dynamics of Emerging Organization, Team Learning, Learning Team, Industries Individual Learning, Leaders' Individual Learning, Leadership, Team Management Tsinghua SEM 2015 - 2016 28 Faculty

CHEN Hao QIAN Xiaojun Assistant Professor Professor, Associate Dean

• Bachelor, 2003, Jilin University • Bachelor, 1982, Tsinghua University • Master, 2006, Shenzhen University • Master, 1988, Purdue University • Ph.D., 2011, University of Texas at Dallas • Ph.D., 1992, Purdue University Research Areas Research Areas Supervisor-subordinate Relationship, Leadership, Implicit Cognition, Business the Influence of such Relationship in Ethics, Entrepreneurial Ethics, Corporate Social Organization, Work Ethic and Employees’ Responsibilities and Sustainability extra-role Behavior (eg: Organizational Citizenship Behavior and Deviant Behavior), Entrepreneurial Team Dynamics, Entrepreneurial Team Process and Cross-Culture Comparison Analysis in the Fields above

CHEN Xiao QU Qing Assistant Professor Associate Professor

• Bachelor, 2001, Sun Yat-sen University • Master, 2007, University of Michigan • Bachelor, 1993, Tsinghua University • Ph.D., 2012, University of Toronto • Master, 1997, Tsinghua University • Ph.D., 2007, Tsinghua University Research Areas Research Areas Goal Setting and Priming, Organizational Behavior and Human Resource Organizational Culture, Leadership, Management in the Chinese Context, Human Resource Management, Values, the Psychological Micro Foundations of Person-Organization Fit, Strategy Managerial Thinking

CHI Wei WANG Lei Associate Professor Assistant Professor

• Bachelor, 1998, Renmin University of China • Bachelor, 2002, Beijing Normal University • Ph.D., 2003, University of Minnesota • Master, 2005, Beijing Normal University • Ph.D., 2011, State University of New York Research Areas at Buffalo Compensation, Incentives, Pay Gaps, Income Inequality, Labor Relations, Research Areas Contract and Unions Leadership, Social Networks,Team Knowledge Transfer

JIANG Peng WANG Xiaoye Associate Professor Assistant Professor

• Bachelor, 1997, Jilin University • Bachelor, 2000, East China Normal University • Master, 2000, Jilin University • Master, 2004, East China Normal University • Doctor of Judicial Science, 2003, China • Ph.D., 2010, Hong Kong University University of Political Science and Law of Science and Technology Research Areas Research Areas Business Legal Environment (Including Performance Evaluation, Goal Setting, Social Labor Relationships), Government-Merchant Cognition and Decision Making Relationship and Business History, Business Ethics and Corporate Social Responsibility 2015 - 2016 Tsinghua SEM Faculty 29

WANG Xueli YANG Bin Associate Professor Professor

• Bachelor, 1993, Harbin Institute of Technology • Bachelor, 1992, Tsinghua University • Master, 1996, Harbin Institute of Technology • Master/ Ph.D., 2000, Tsinghua University • MBA, 1996, Macao University • Ph.D., 2003, Tsinghua University Research Areas Business and Society, Leadership Theory Research Areas and Practice, Nonmarket Strategy, Business Chinese-Style Management, Organizational Ethics, Crisis Management, Management Change, Strategic Human Resource Education Management, Organizational Culture

YANG Ling WU Weiku Assistant Professor Professor

• Bachelor, 2003, Tsinghua University • Bachelor, 1983, Northeastern University of • Master, 2006, Tsinghua University Technology • Ph.D., 2012, Stanford University • Master, 1987, Harbin Institute of Technology • Ph.D., 1994, Tsinghua University Research Areas Organizational Theory, International Research Areas Business, Innovation and Entrepreneurship Strategic Management, Competition and Game Theory, Leadership, Value Based Leadership, EQ and Leadership, Sunny Mood, Harmonious Leadership

WU Zhiming ZHANG Jiayin Associate Professor Assistant Professor

• Bachelor, 1989, University • Bachelor, 2005, Tsinghua University • Master, 1996, Beijing Normal University • Master, 2008, Tsinghua University • Ph.D., 1999, Beijing Normal University • Master /Ph.D., 2014, Massachusetts Institute of Technology Research Areas Team Effectiveness, Leadership, Research Areas Employee’s Recruitment and Selection, Organizational Behavior, Organizational Theory, Expatriate Adjustment, Business Ethics Economic Sociology

YANG Baiyin ZHANG Jin COSCO Chair Professor, Chair Associate Professor

• Bachelor, 1982, Nanjing University • Bachelor, 1986, Peking University • Master, 1992, University of Saskatchewan • Master, 1989, Peking University • Ph.D., 1996, University of Georgia • Master, 2002, University of Southern California • Ph.D., 2004, University of Southern California Research Areas Creativity and Innovation in Organizations, Research Areas Holistic Theory of Knowledge and Positive Organizational Psychology, Science Learning, Leadership Development, Adult of Subjective Well-Being, Positive Psychology, and Organizational Learning, Learning IT System and Organizational Behavior, Organization, Power and Influence Tactics, Behavioral Economics, Personnel Assessment Cross-Cultural Management and Selection, Career Development and Planning, Cross-Cultural Communication and Negotiation, Work Value and Work Behavior Tsinghua SEM 2015 - 2016 30 Faculty

ZHANG Mian CHEN Guoqing Associate Professor EMC Chair Professor

• Bachelor, 1993, Xi’an Jiaotong University • Bachelor, 1982, Renmin University of China • Ph.D., 2002, Xi’an Jiaotong University • MBA, 1988, Catholic University of Leuven • Ph.D., 1992, Catholic University of Leuven Research Areas Organizational Attachment, Multiple Roles Research Areas and Identities, Social Capital and Social IT Strategy and Management, Business Network, Behavioral Decision Making and Intelligence and e-Business, Data Modeling Ambiguity and Fuzzy Logic

ZHENG Xiaoming CHEN Jian Associate Professor Lenovo Chair Professor, Chair

• Ph.D., 1998, Chinese Academy of Sciences • Bachelor, 1983, Tsinghua University • Master, 1986, Tsinghua University Research Areas • Ph.D., 1989, Tsinghua University Leadership, Work-Life Balance, Employee Well-Being, Team Effectiveness, Research Areas Organizational Culture, and Strategic Supply Chain Management, e-Business, Human Resources Management Business Intelligence and Decision Analysis, Optimization and Forecasting Techniques

Visiting Faculty GUO Xunhua Associate Professor ZHOU Jing • Bachelor, 2000, Tsinghua University Distinguished Visiting Chair Professor, Co-chair • Ph.D., 2005, Tsinghua University Houston Endowment Professor of Management Research Areas and Psychology, Rice University Information Systems, e-Business, Business Intelligence Research Areas Contextual Effects on Organizational Creativity, Innovation, and Entrepreneurship, Consequences of Employee Creativity, Leadership, Individual and Team Behavior in the Workplace, Cross-Cultural and Diversity Issues in Organizational Behavior and Human Resource Management

HUANG Jinghua Professor, Vice Chair Department of

• Bachelor, 1986, Tsinghua University Management Science • Master, 1988, Tsinghua University • Ph.D., 2005, Tsinghua University and Engineering Research Areas Information System and Electronic Business 2015 - 2016 Tsinghua SEM Faculty 31

HUANG Shuo LIU Hongyan Associate Professor Professor

• Bachelor, 1997, Tsinghua University • Bachelor, 1991, Beijing University of • Ph.D., 2002, Tsinghua University Chemical Technology • Master, 1994, Beijing University of Research Areas Chemical Technology Supply Chain Management, Operations • Ph.D., 2000, Tsinghua University Management, Inventory Control Research Areas Data/Text Mining, Business Intelligence, Social Network Analysis, Social Computing, Recommender Systems, Computational Advertising

LI Bo LIU Liwen Associate Professor Professor

• Bachelor, 2002, Peking University • Bachelor, 1982, Northern Jiaotong University • Ph.D., 2006, University of California, • Master, 1986, Nagoya Institute of Technology Berkeley • Ph.D., 1989, Nagoya Institute of Technology Research Areas Research Areas Data Science, Applied Econometrics Production and Operations Management, Supply Chain Management, Service Management, JIT and Lean Production, Industrial Engineering, Logistics Management

LI Xixi LIANG Yong Assistant Professor Assistant Professor

• Bachelor, 2006, Hong Kong Polytechnic • Bachelor, 2005, Tsinghua University University • Master, 2008, Purdue University • Ph.D., 2010, Hong Kong Polytechnic • Ph.D., 2013, University of California, University Berkeley Research Areas Research Areas Employee Innovative Use of Complex Supply Chain Management, Dynamic Information Systems, Knowledge Programming and Optimal Control, Management, Motivation Theory, Energy Policy, Economy and Planning Healthcare Information Technology

LIN Lihui MAO Bo Associate Professor Associate Professor

• Bachelor, 1994, Tsinghua University • Bachelor, 1987, Tsinghua University • Master, 1997, Tsinghua University • Master, 1989, Tsinghua University • Master, 1999, University of Texas at Austin • Ph.D., 2002, University of Texas at Austin Research Areas Chinese Enterprises’ Information Research Areas System and Management, Knowledge Knowledge Management, Crowdsourcing, Management, Date Analysis & Business Crowd Funding, Open source, E-Commerce, Model IT Investment, Real Options Analysis, Licensing of Intellectual Property Tsinghua SEM 2015 - 2016 32 Faculty

SUN Jing XIE Bin Associate Professor Associate Professor

• Bachelor, 1991, Tianjin University • Bachelor, 1986, Tsinghua University • Master, 1994, Tianjin University • Master, 1989, Tsinghua University • Ph.D., 1999, Beijing University of • Ph.D., 1993, Tsinghua University Astronautics and Aeronautics Research Areas Research Areas Pharmaceutical Supply Chain Strategy Decision and Change Management, Product / Service Harm Management, Service Operation Control, Information infrastructure Design Management, Decision Science, Quality by Learning Community, Consumer- Engineering, Total Quality Management oriented Corporate Governance

WEI Qiang XU Xin Associate Professor Professor, Associate Dean

• Bachelor, 1997, Tsinghua University • Bachelor, 1998, Tsinghua University • Master, 1999, Tsinghua University • Master, 2000, Tsinghua University • Ph.D., 2003, Tsinghua University • Ph.D., 2005, University of California, Irvine Research Areas Research Areas Information Systems and Management, Business Value of IT, Social Media, Big Data Analytics, Business Intelligence IT Governance and Data Mining, Uncertainty Techniques, Simulation Techniques

WEN Zhong YANG Liu Assistant Professor Associate Professor

• Bachelor, 1998, Tsinghua University • Bachelor, 2003, Tsinghua University • Master, 2000, Tsinghua University • Master, 2004, Singapore-MIT Alliance • Ph.D., 2006, New York University • Ph.D., 2010, Duke University Research Areas Research Areas E-Market, E-Commerce Strategy, Pricing Game Theory, Queueing Theory, Information Goods, Information Economics, Mechanism Design, Behavioral Internet Finance Operations Management, Service Management, Healthcare Management

XIAO Yongbo YE Qing Associate Professor Associate Professor

• Bachelor, 2000, Tsinghua University • Bachelor, 1998, Tsinghua University • Master/Ph.D., 2006, Tsinghua University • Master, 2001, Tsinghua University • Ph.D., 2006, University of Michigan Research Areas Revenue and Pricing Management, Service Research Areas Systems and Service Management, Supply Supply Chain Management, Procurement Chain Management and Outsourcing Management, Information Asymmetry in Operations Management, Capacity and Inventory Management 2015 - 2016 Tsinghua SEM Faculty 33

YI Cheng Assistant Professor SUN Peng

Special-Term Professor • Bachelor, 2006, National University of Singapore Associate Professor, Duke University • Ph.D., 2011, National University of Singapore Research Areas Decision Models, Quantitative Methods for Decision Research Areas Making, Mathematical Optimization, Dynamic Programming, Electronic Commerce, Human-Computer Sequential Decision Making Interaction, Online Consumer Behavior, Social Computing, Internet Marketing

ZHU Yan Professor, Associate Dean TAN Yong

Chang Jiang Scholars of Ministry of Education, • Bachelor, 1994, Tsinghua University People's Republic of China • Master/Ph.D., 1998, Tsinghua University Neal and Jan Dempsey Professor of Information Research Areas Systems, University of Washington Internet Behavior, Internet Economics, e-Business, Trust Management, Healthcare System Management Research Areas Data Analytics, E-Commerce, Economics of Information Systems

Visiting Faculty David Da-Wei Yao

Jim Jiangang Dai Piyasombatkul Family Professor, Columbia University Special-Term Professor Professor, Cornell University Research Areas Research Areas Queueing Networks, Discrete Event Stochastic Systems, Applied Probability, Operations Management Stochastic Networks, Supply Chain Management, Applied Probability, Operations Research

David J. Robb Department of Marketing Visiting Professor Professor, The University of Auckland Research Areas Supply Chain Management (inventory management), Production / Operations Management and Strategy in China Tsinghua SEM 2015 - 2016 34 Faculty

CHEN Rong LI Fei Associate Professor Professor

• Bachelor, 1998, Xi’an Jiaotong University • Bachelor, 1983, Beijing Institute of Business • Master, 2000, Xi’an Jiaotong University • Master, 1988, Beijing Institute of Business • Ph.D., 2004, The Chinese University • Ph.D., 2002, Renmin University of China of Hong Kong Research Areas Research Areas Marketing Positioning Decisions, Retailing Consumer Behavior, Consumer Satisfaction Strategy, Chinese-Style Marketing and Luxury and Regret, Consumer Decision Making Marketing under Risks, Decision Making of Second- hand Products, Services Management and Innovation, Pricing and Promotion Strategy, Customer Relations Management

CHEN Yubo LIU Wenjing Professor, Vice Chair, Assistant Professor Associate Dean

• Bachelor, 2000, University of International • Bachelor, 1997, Southeast University Business and Economics • Master, 2000, Southeast University • Master, 2004, National University of • Ph.D., 2004, University of Florida Singapore • Ph.D., 2010, University of Toronto Research Areas Research Areas Big Data and Business Innovation in the Networked World, Social Media and Network Consumer Behavior and Decision-Making, Economy, Innovation and Entrepreneurship Interpersonal Interactions, Time Perception, Ecosystem, Climate Change and Sustainability Intertemporal Choice, Pricing Strategy

HU Zuohao LIU Xi Professor Associate Professor

• Bachelor, 1985, Huazhong University of • Bachelor, 1995, Peking University Science and Technology • Ph.D., 2002, University of Iowa • Master, 1988, Zhejiang University • Ph.D., 2000, Kyoto University Research Areas Corporate Social Responsibility, Crisis Research Areas Management, Qualitative Market and Marketing Strategy, Channel Design Consumer Research and Management, Brand Management, International Marketing Strategies, Marketing Financial Services

JIANG Xuping LIU Xia Professor Associate Professor

• Bachelor, 1982, Central-South Institute of • Bachelor, 1999, Beijing Normal University Mining and Metallurgy • Master, 2002, Beijing Normal University • Master, 1985, Tsinghua University • Master, 2004, Syracuse University • Master, 2008, Syracuse University Research Areas • Ph.D., 2010, Syracuse University New-Media Integrated Marketing, e-Marketing, e-IMC (Electronic Integrated Research Areas Marketing Communication), e-Commerce, Quantitative Marketing Models, Modern Logistics and e-Procurement, Entertainment Marketing, Brand Quantitative Analysis Methods and IT Tools, Management and Marketing Strategy Information Management, Information System Developing Methodologies, Decision Support System and Expert System 2015 - 2016 Tsinghua SEM Faculty 35

SONG Xuebao ZHENG Yuhuang Associate Professor Associate Professor

• Bachelor, 1986, Huazhong Agriculture University • Bachelor, 1998, Tsinghua University • Master, 1989, Renmin University of China • MBA, 2000, Tsinghua-MIT Sloan • Ph.D., 1992, Renmin University of China International MBA Program • Master, 2002, Columbia University Research Areas • Ph.D., 2006, Columbia University Strategic Marketing, Entrepreneurial Marketing, Industrial Marketing, Green Marketing, City Research Areas Marketing Consumer Behavior, Consumer Judgment and Decision Making, Consumer Self-control, Marketing Strategies for Hedonic vs. Utilitarian Products, Pricing and Promotion Strategies, Customer Relationship Management, Entrepreneurship, Internet Marketing, Global Marketing, Cultural Differences

XIE Zan Visiting Faculty Assistant Professor XIE Jinhong • Bachelor, 1985, Peking University • Master, 1991, Tsinghua University Special-Term Professor, Co-chair • Ph.D., 2005, Tsinghua University JCPenney Eminent Scholar Chair, University Research Areas of Florida Marketing Strategy, Consumer Behavior, Marketing Research, Product Research Areas Quality Measurement, Customer Internet Marketing New Business Model, Consumer Social Satisfaction Interactions and Marketing Innovation, Network Effects and Standards Competition, International Marketing

YU Chunling Associate Professor ZHANG Juanjuan

Special-Term Professor • Bachelor, 1993, Tianjin University • Master, 1996, Tianjin University Epoch Foundation Professor of International • Ph.D., 2004, Tsinghua University Management and Professor of Marketing, Massachusetts Institute of Technology Research Areas Strategic Brand Management, Valuation Research Areas of Brand Asset, Globalization of Brand Observational Learning, Social Interactions, from Emerging Market Marketing Strategy, Emerging Markets

ZHAO Ping Professor, Chair

• Bachelor, 1982, Jilin University • Master, 1985, Tianjin University • Ph.D., 1992, Tsinghua University Research Areas Branding Strategy & Brand Management, Social Media Marketing in Internet Era, Customer Satisfaction Theory and Measurement, Entrepreneurial Marketing Tsinghua SEM 2015 - 2016 36 Faculty

Honorary Professors Adjunct Professors

Robert J. Barro CHEN Yuan SHEN Liantao Paul M. Warburg Professor of Economics, Harvard University GUO Shuqing WU Jinglian Lawrence J. Lau Ralph and Claire Landau Professor of Economics, LI Jiange WU Xiaoling The Chinese University of Hong Kong LI Rongrong Eric S. Maskin Adams University Professor, Harvard University LIU Shiyu XU Rongkai Nobel Laureate in Economics, 2007 LOU Jiwei XU Xianchun MUN Kin Chok Former Dean, Faculty of Business Administration, MA Jiantang ZHENG Jingchen The Chinese University of Hong Kong MA Weihua ZHOU Xiaochuan Edmund S. Phelps McVickar Professor of Political Economy, Columbia QIN Xiao ZHU Rongji University Nobel Laureate in Economics, 2006

Daniel L. Ritchie Former Chancellor, University of Denver Guest Professor Oliver E. Williamson Edgar F. Kaiser Professor Emeritus of Business, Professor Emeritus of Economics and Law, UC John L. Thornton Berkeley Chairman, Barrick Gold Corporation 2009 Nobel Laureate in Economic Sciences Co-Chairman, Board of Trustees, Brookings Institution

YUAN Baohua Founder, China Enterprise Confederation, China Enterprise Directors Association, China Enterprise Management Science Foundation Former President, Renmin University of China 2015 - 2016 Tsinghua SEM Faculty 37 Tsinghua SEM 2015 - 2016 38 Programs 2015 - 2016 Tsinghua SEM Programs 39

Programs

Attracting Top Talent

Tsinghua SEM is committed to advancing knowledge and cultivating leaders for China and the world. The School strives to provide students with the most complete and highest quality education possible to help them reach their full potential. As of September 2015, the SEM has 4,448 students, including 1,013 undergraduate students, 605 post-graduate students, 374 doctoral students, 1,375 MBA students, 1,081 EMBA students. In addition, the SEM also has 829 undergraduates from the second-degree program in Economics, and 737 undergraduates from the second-degree program in Management. Tsinghua SEM’s strong international reputation, commitment to academic excellence, and global orientation have attracted students from all over the world. The School currently enrolls 384 students from Hong Kong, Macao, Taiwan and other parts of the world. Among them, 100 are in the undergraduate program, 87 are in the master’s and doctoral programs, 102 are in the MBA program and 95 are in the EMBA program. Tsinghua SEM also offers student exchange programs with 107 leading universities and business schools around the world. More than 400 SEM students participate in those programs each year. Tsinghua SEM 2015 - 2016 40 Programs

Undergraduate Programs

Program Objectives Accounting

The curriculum cultivates top accounting professionals fully Tsinghua SEM offers four-year undergraduate programs that in touch with international standards, and be familiar with aim to “make each student a fully developed modern person global economic development and the discipline of capital and create an environment that promotes top talent”. market.

Program Features Information Management and Information Systems Tsinghua SEM launched a new undergraduate curriculum in the fall of 2009 that highlights the integration between general The curriculum cultivates multifaceted management education and individual development. General education professionals who can effectively apply the information emphasizes value formation, capability development and technology to improve performance and lead innovation. knowledge acquisition. The curriculum aims to cultivate students’ intellectual curiosity, imagination and critical thinking Second Degree Program in skills. The curriculum also has enough flexibility and room to Economics allow undergraduate students to develop their own academic interest and customize their own curriculum. For juniors and The Program aims to cultivate interdisciplinary talents seniors, the School offers “Honors Programs” in three tracks: with comprehensive economics knowledge and strong academic, entrepreneurship, and leadership, to suit different analytical skills. student interests. Second Degree Program in Majors Management Under the new curriculum, students begin their study with two years of general education, followed by another two years of The Program aims to cultivate interdisciplinary talents study in their respective fields. Students may apply for one of with strong analytical skills, management and leadership the following three majors: capabilities for a successful career in enterprises, government institutions and non-profit organizations. Economics and Finance (including Insurance) The second degree undergraduate program in management The curriculum balances economic/finance theories with offers a track of Innovation, Entrepreneurship and Leadership practical knowledge, and offers both a global perspective and from the fall semester of 2015. a special focus on China’s economic and financial issues. 2015 - 2016 Tsinghua SEM Programs 41 Tsinghua SEM 2015 - 2016 42 Programs

Doctoral Programs

Program Objectives Placement

Tsinghua SEM’s doctoral programs are designed to develop Each academic department has established a doctoral outstanding scholars for careers in research and teaching in program committee which is responsible for the overall the field of economics and management at leading Chinese coordination, design and implementation ofthe program. and overseas universities. The committee serves as faculty liaison available to doctoral students for support, problem-solving, and facilitation of Program Features learning activitiesto enhance the student’s educational experience. The committee also providesmentorship and career advice, as well as guidance in field placement for the Application process doctoral students.

Since 2011 applicants are required to choose a field of study Resources and Support instead of a doctoral advisor during the application process. The decision of choosing an advisor is postponed until after Tsinghua SEM offers scholarship and fellowship to doctoral the qualificaiton exam. In addition, doctoral students may students to alleviate their financial pressure. Outstanding choose a dissertation committee consisting of three faculty doctoral students are provided the opportunities to study members. aboard for one semester or one year to conduct research with internationally-renowned scholars, and to participate in Academic curriculum domestic and international academic conferences.

To standardize the doctoral curriculum, Tsinghua SEM has established three doctoral core-course platforms, including Economic/Finance/Accounting, General Management, and Management Science and Engineering, respectively. Doctoral students are expected to focus on course work in Fields of Study Department the first two years of study. Each of the three platforms has • Accounting • Department of Accounting a specific set of general and field-specific courses that the • Applied Economics and students are required to complete. • Department of Economics Western Economics The School requires all doctoral students to take a • Political Economics • Department of Economics qualification examination that measures the student’s depth • Finance • Department of Finance of knowledge and comprehension of his or her chosen • Department of Innovation, field’s methodology, theoretical construction, and empirical • Innovation, Entrepreneurship Entrepreneurship and evidence. Qualification exams are reviewed anonymously. and Strategy Strategy Doctoral students are also required to write and present their • Department of Leadership second-year research papers under the mentorship of their • Leadership and Organization and Organization advisor. All doctoral theses are assessed by faculty under a Management Management double-blind reviewing process. • Management Science and • Department of Management Engineering Science and Engineering • Marketing • Department of Marketing 2015 - 2016 Tsinghua SEM Programs 43 Tsinghua SEM 2015 - 2016 44 Programs

Master’s Programs

Tsinghua SEM launched the new Master’s program curriculum - Program Objectives in the fall of 2011 that reorganized the programs into three The Program aims to educate academic talents with a tracks: Master of Science program, the specialized Master’s research orientation. program and the general Master’s program. The Master of Science program continues to be academic-oriented that - Program Features cultivates research talents in Economics and Management The academic curriculum is closely linked to the doctoral Science and Engineering. The specialized Master’s program curriculum that prepares students for future doctoral study in aims to educate finance and accounting professionals. The China or abroad and for a future career in research. general Master’s program (MiM) is a postgraduate, pre- experience degree that aims to develop students’ general management and leadership skills.

Master of Science Programs

Masters in Economics Masters in Management Science and Engineering 2015 - 2016 Tsinghua SEM Programs 45

Master’s Programs

The Specialized Master’s Programs - Program Features The MPAcc program strives to balance between accounting Master of Finance theories and real-world applications. The Program invites experienced industry practitioners to serve as faculty and mentors. - Program Objectives The Master of Finance program aims to develop exceptional financial professionals with comprehensive and applied The General Master’s Program knowledge in economics and finance, a global perspective and he ability to adapt to rapidly changing financial markets. The Masters in Management (MiM) program prepares students for a successful career at financial institutions, consulting firms and government agencies. - Program Objectives Aimed at pre-experience undergraduates, the MiM program - Program Features strives to develop students’ analytical, general management The Master of Finance program is innovative, interdisciplinary, and leadership skills, preparing them for managerial and and personally transforming. The program offers four leadership positions in corporations, government and non-profit distinct tracks: International Finance, Financial Engineering, organizations. Entrepreneurial and Corporate Finance, and Insurance. The Program uses a dual-mentorship system that pairs each - Program Features student with an academic mentor and an industry mentor. Tsinghua SEM’s MiM program is the first of its kind in China. The program offers dual degree programs in collaboration Students are expected to attain comprehensive knowledge in with HEC Paris, University of California Berkeley Hass School management through a set of intellectually challenging courses. of Business and the Fu Foundation School of Engineering Some of those courses are taught in English given the bilingual and Applied Science of Columbia University, and exchange nature of the program. programs with more than 100 overseas universities. In 2011, Tsinghua SEM joined the Global Alliance in Master of Professional Accounting (MPAcc) Management Education (CEMS) and became the first and the only Chinese business school with full CEMS membership. Students who successfully complete the CEMS curriculum - Program Objectives will receive a CEMS diploma. Qualified MiM students can also The MPAcc program aims to develop exceptional accounting enroll in the Tsinghua SEM-HEC MiM Dual Degree Program. professionals with comprehensive and applied accounting Tsinghua SEM, in partnership with The Fu Foundation School of knowledge, global awareness, and exposure to economics and Engineering and Applied Science, Columbia University, offers a management theories and practices. dual degree Master's program in business analytics from 2014. Tsinghua SEM 2015 - 2016 46 Programs

MBA Programs

Program Objectives The MBA program offers approximately 100 elective courses in nine areas and practice-oriented courses to accommodate students’ individualized needs based on their career plans and Tsinghua SEM’s MBA programs aim to educate future leaders interests. with general management capabilities.

Admissions reform Program Overview The MBA program evaluates prospective students on their Launched in 1991, the MBA programs have conferred comprehensive capabilities and examination performance. degrees to more than 10,000 graduates in the past 24 years. The admission office would screen all applications and invite The School currently offers two MBA programs: Tsinghua selected applicants for a face-to-face interview. Qualified Part-time MBA Program and Tsinghua-MIT Global MBA applicants are then required to take the national MBA entrance Program. exam. The School would extend offer to applicants who pass the exam. To enhance the efficiency and effectiveness of Tsinghua SEM revamped the MBA curriculum in fall 2009 and the admission process, the MBA program launched a new subsequently launched a corresponding reform of admissions application procedure in 2014 that enables applicants to conduct policies in 2010. In 2013, building upon the previously a self-assessment before submitting their applications. existing International MBA Program, Tsinghua SEM and MIT Sloan School of Management jointly launched the Tsinghua- Integration with the University MIT Global MBA Program.

As a pioneer of online education among Chinese business In May 2012, the SEM launched the “MBA+X” dual degree schools, Tsinghua MBA launched the SPOC (Small Private program that aims to cultivate the next generation of business Online Courses) program in 2014, which enables the leaders with a multidisciplinary mindset and a comprehensive incoming class to start online learning of several courses set of management skills. Students pursuing the “MBA+X” dual even before official enrollment at the SEM. degree program are able to take full advantage of the breadth and depth of knowledge available through Tsinghua University’s Program Features nearly one hundred academic departments to deepen their expertise in areas outside of business. Upon successful The structure completion of the program, candidates simultaneously earn two master’s degrees, one from the SEM and another from a The new MBA curriculum is composed of five modules, partnering school/department within the university. The MBA Ethics and Soft Skills, Analytical Foundations, Management program also launched a new course Exploring New Technology Fundamentals, China and the World and Integrative Practices. to provide students access to industry trends and cutting-edge These modules are designed to help students acquire technologies. knowledge, build capabilities and strengthen integrity through learning and practice. International exposure

The MBA program provides students with global learning The curriculum opportunities. The School has student exchange partnerships The new MBA curriculum strives to strike a balance between with more than 100 overseas business schools, offering more capability and integrity, between academic discipline and than 100 exchange opportunities for MBA students each year. practical relevance, as well as between global perspective and MBA students can also gain international learnings experiences China specificity. These objectives are achieved through soft through dual degree programs and short-term overseas skill development, experiential learning, integrated learning, and courses. global experiences. 2015 - 2016 Tsinghua SEM Programs 47

Alumni network built upon the previously existing international MBA program. Combining the strengths and resources of both schools, the The MBA program has more than 10,000 alumni who serve Global MBA Program offers rigorous and rich curriculum that important management roles in various industries including helps MBA students develop a global vision and an in-depth finance, consulting, manufacturing, technology and information understanding of China’s economy. The Global MBA program service. The Tsinghua MBA Alumni Association organizes lasts for 21 months and the instruction language is English various alumni events and establishes multidimensional alumni (with some core courses and many elective courses offered chapters to promote life-long learning, career development and in Mandarin Chinese). Students can apply for one-semester business cooperation for MBA graduates. overseas exchange as well as the dual degree programs offered by MIT Sloan, Colombia University or HEC Paris. Tsinghua-MIT Global MBA Program

Tsinghua SEM and MIT Sloan School of Management jointly launched the Tsinghua-MIT Global MBA Program which was Tsinghua SEM 2015 - 2016 48 Programs

EMBA Programs

Tsinghua SEM’s executive MBA (EMBA) program is committed Well-designed and practical curriculum to cultivating industry leaders and shaping the future of The EMBA program has developed a unique curriculum that enterprises and organizations. The program combines advanced prepares Chinese business leaders for a constantly changing management theories, concepts with best practices in China to and global business environment. The curriculum is practically equip executives with strong business ethics, innovative spirit, oriented with special attention paid to China-specific management leadership, strategic decision-making capabilities, and global issues and practices. competitiveness. In 2012 the EMBA program launched a new curriculum that In 2005, the program achieved outstanding result in the first capitalizes on the School’s unique positioning as Tsinghua official EMBA program evaluation by the Academic Degree University-affiliated business school. The new curriculum enables Committee of the State Council. The program has consistently students to access university-wide knowledge and resources, and been ranked at the top of the “China's Best EMBA Programs” list emphasizes their ability to understand global megatrends, grasp by the Managers magazine since 2007. The Tsinghua-INSEAD opportunities, create favorable conditions, and achieve win-win dual degree EMBA program was ranked 3rd globally and 1st outcomes. In 2013, the post-EMBA program was launched. The in mainland Chinain the “2014 Global EMBA Top 100 List” by program incorporates the humanities into the curriculum and aims Financial Times. to help executives broaden their knowledge base and search for Program Features the meaning of life. Extensive and in-depth global partnerships World-class and dedicated faculty The EMBA program has enjoyed extensive and in-depth global The faculty team is composed of highly qualified Chinese and partnerships. Tsinghua SEM is the first business school in China foreign academics and professionals with world-class credentials. to join the EMBA Global Council. In 2006, Tsinghua SEM and INSEAD jointly launched Tsinghua-INSEAD dual degree EMBA High-quality students program (TIEMBA). Tsinghua EMBA has also expanded six overseas learning tracks, including the US’ East Coast and West Admission to the EMBA program is highly competitive. The Coast, France, Germany, the Middle East and Taiwan, China. program receives thousands of applications each year and only admits approximately 400 students each year. The program currently has 5,000 alumni. Among them, 85% are vice president Rigorous program administration or above, and 59% are presidents or general managers of their The EMBA program is known for its high-quality, rigorous program organizations. Three EMBA alumni have won China Central administration. The Program offers networking opportunities Television’s China Economic Figures of the Year award. Nearly through various social activities including student orientations, 50 EMBA alumni are representatives of the National People's cocktail parties, team-building activities, TechMark, mobile Congress and members of the Chinese People's Political campus, and China tours. Consultative Conference. More than 200 EMBA alumni are founders or CEOs of publicly traded companies in China. 2015 - 2016 Tsinghua SEM Programs 49

Cohesive network of alumni As the first dual degree EMBA program in China, Tsinghua- The EMBA Alumni Association has 31 regional chapters, 11 INSTEAD program integrates the resources and advantages class-level Beijing chapters, one TIEMBA chapter, one media of both institutions. Leadership development is the highlight chapter, one HR chapter and one overseas alumni chapter. of the program. The program provides intensive and personalized coaching to meet individual needs. Graduates are offered exceptional opportunities to build a lifelong Tsinghua-INSEAD Dual Degree EMBA professional network around the world. Program

Tsinghua-INSEAD Dual Degree EMBA Program, taught exclusively in English, was jointly launched by Tsinghua SEM and INSEAD in 2007. The program combines international business education with a focus on Asia and China. Tsinghua SEM 2015 - 2016 50 Programs

Executive Education

Tsinghua SEM’s Executive Education offers a variety of non- Courses degree management training programs to help executives enhance leadership capacity, expand career potential and ensure The Executive Education programs deliver innovative, globally sustainable development of their organizations. It is a lifelong relevant frameworks that address the issues senior executives platform for entrepreneurs and executives to learn and grow. face. Capitalizing on strong faculty teaching and research capabilities, the Executive Education programs offer courses that Program Objectives combine management theories with practices, provide new ideas to help executives tackle management challenges, and offer best The Program aims to provide high-quality, global-oriented and practices on managing Chinese enterprises. tailor-made management education for senior executives from The Executive Education Center has offered training to more than enterprises and organizations. 60,000 senior executives. The Center continuously innovates Program Features its course offerings to incorporate cutting-edge management knowledge and to best serve the needs of corporate executives. General courses including "Global Business Leader Program", The SEM Advisory Board is a key advocate and supporter for the "Advanced Business Administration Course for Chinese establishment of the Center for Executive Education in late 2001. Entrepreneurs", "CEO Program and Advanced Courses in The Center seeks to integrate non-degree executive education Business Administration", have become signature courses in programs in a way that aligns with the School’s development plan. China. Courses on Leadership, Finance, Internet Plus, are also The Center provides two types of programs - open enrollment popular among corporate executives. programs and custom programs that provide tailor-made management courses for executives of Chinese and foreign enterprises.

Courses

General Management • Global Business Leader Program (part time, 1 year) Courses • Program for Leaders of Chinese Enterprises (part time, 1 year) • Advanced Business Administration Course for Chinese Entrepreneurs (part time, 1 year) • CEO Program (modular) • Advanced Management Program (part time, 1 year) • Advanced Courses in Business Administration (full time, 3 months) • Manager Development Course (full time, 1 month) Special Topics Courses • Entrepreneurship and Innovation • Leadership • Finance • Accounting • Marketing • Industry (energy, auto, real estate, healthcare) Custom Programs • Custom programs for companies of various types and growth stages 2015 - 2016 Tsinghua SEM Programs 51

Selective International Programs

• Tsinghua-CEIBS-HBS Senior Executive Program For China • Tsinghua-Yale Advanced Management Program in Healthcare • Tsinghua SEM-HEC Paris-IFM Advanced Management Program in Fashion and Luxury • Tsinghua-ENAC-ENPC Executive MBA Program Specialized in Aeronautics and Aviation Management • Tsinghua-ENAC Specialized Master Program in Aviation Management (Air Transport Management/Airport Management) • Tsinghua-SMU Master's Program in Management for CFO • Tsinghua SEM-Tsinghua AAD-Sothby's Institute of Art Master’s Program in Art Business • Tsinghua-CUHK FMBA Program Tsinghua SEM 2015 - 2016 52 Programs

Tsinghua x-lab Creativity, Innovation and Entrepreneurship

Launched on April 25, 2013, Tsinghua x-lab is a university- Four Functional Areas based platform for creativity, innovation and entrepreneurship. - Learning It was initiated by the SEM and jointly established by 14 schools and departments (including Tsinghua SEM, School of Tsinghua x-lab serves as a centralized source of information Information Science and Technology, School of Public Policy and on entrepreneurship courses offered by Tsinghua University. Management, School of Mechanical Engineering, Academy of Arts Tsinghua x-lab also works closely with faculty, entrepreneurs and Design, School of Medicine, School of Sciences, School of and alumni to develop new courses and programs. Aerospace, School of Materials Science and Engineering, School - Activities of Environment, School of Architecture, School of Law, School of Tsinghua x-lab organizes regular activities including speaker Journalism and Communication, and Department of Engineering series, forums, seminars, workshops, and entrepreneurship Physics) as well as 2 strategic partners (Tsinghua Entrepreneur & competitions. Tsinghua x-lab also provides its members the Executive Club, and Tsinghua Science Park). opportunity to visit well-known start-ups and to participate in Tsinghua x-lab is an open, student centered educational platform innovation and entrepreneurship competitions. Tsinghua x-lab that serves all members of the broadly defined community of hosted the first and second Tsinghua President’s Innovation Tsinghua University. Challenge that attracted many Tsinghua students and alumni. - Network Mission and Value Proposition Tsinghua x-lab provides its members with easy access to the resources and networks they need. Partners include investment The letter “x” of “x-lab” has a double meaning of “unknown” and firms and angle investors, well-known domestic and foreign “cross-linking” amongst multiple academic disciplines, while the corporations, the TusPark, Tsinghua Holdings, Silicon Valley word “lab” connotes experiential-learning and teamwork. (InnoSpring), among others. Tsinghua x-lab also has a group Tsinghua x-lab is committed to foster inter-school and inter- of Entrepreneur-in-Residence (EiRs) and Angel-in-Residence department communications within the University, to integrate (AiRs) who provide x-lab teams one-on-one coaching on a various resources within and outside of the University, and to regular basis. Tsinghua x-lab has set up several dedicated provide ways and means to actualize business and social value centers and consultancy groups that provide professional for members of the university community. services to students. - Incubation Services and Support Tsinghua x-lab provides incubation to entrepreneurial projects at all stages by Tsinghua students, alumni and faculty. Tsinghua Space x-lab will offer professional guidance, mentoring and counseling services helping x-lab members learn and implement new Tsinghua x-lab provides physical spaces for team building, methods, systems and adopt an experiential learning mindset, networking, and other entrepreneurial activities. and administrative services and information supporting platform, to help with team building, project proposal and development Three Functioning Mainlines follow-up until maturity. Projects will also have access to Tsinghua x-lab promotes education focusing on three functional potential funding and professional consultancy in various areas mainline (Creativity, Innovation, and Entrepreneurship) as listed including Intellectual property, commercial and corporate law, below, helping students plan, organize and refine their idea and finance, design, business models and more. project, in order to productize the technical achievements then commercialize the product and implement entrepreneurship. 2015 - 2016 Tsinghua SEM Programs 53 Tsinghua SEM 2015 - 2016 54 Programs

Online Education

New Integration Program Overview - Integration between technology and education

Tsinghua SEM’s Online Education programs are dedicated - Integration between course and learning process to offer an efficient, personalized and self-regulated learning - Integration between online and offline education experience for future leaders by integrating new technology - Integration between teaching and learning with high quality educational resources. The first Massive Open Online Course (MOOC), Financial New Experience Analysis and Decision Making, was launched on www. xuetangx.com in the fall of 2013 and subsequently on www. Tsinghua SEM’s online education platform provides students edX.org in 2014. More than 140,000 students from 201 with a multi-dimensional learning experience that includes the countries and regions around the world have enrolled in this usage of new technology, access to high-quality faculty and course so far. educational resources, diversified learning methods, tailor- made course experience and self-regulated learning. It creates Jointly launched with MBA programs in Spring 2014, the online positive synergy with traditional education programs and is an MBA courses combine mandatory and elective modules and essential element of future development of the school. incorporate blended and networked learning.

Program Features

New Technology

The fast development of Internet technology provides new opportunities to business schools. In May 2014, Tsinghua SEM launched Online Classroom that utilizes the latest information technology to facilitate learning and teaching. 2015 - 2016 Tsinghua SEM Programs 55 Tsinghua SEM 2015 - 2016 56 Programs

Tsinghua SEM X-elerator

Established in January 2015, Tsinghua SEM X-elerator is S&T (Science & Technology) Relay Society a start-up acceleration platform that embodies the spirit of Tsinghua and provides in-depth integrated service for the It aims to promote the scientific and technological growth of global entrepreneurs and start-ups. The goal of transformation at universities and research institutions. It Tsinghua SEM X-elerator is to gather the top-tier talents constructs a new production-education-research relationship globally for educating them into the next-generation business among science & technology creators, entrepreneurs leaders with global vision and unique competitive powers. and investors. It brings technology inventors with cutting- edge technology and creative spirit, entrepreneurs with Relying on the excellent talent resources, educational rich experience and wide-ranging vision, and investors resources, financial resources, network resources and other with strategic perspective, sharp sense and executive innovative resources gathering here, Tsinghua SEM X-elerator abilities together to build a talent-community for science and provides young founders with a spiritual home and habitat to technology commercialization. grow up and become outstanding entrepreneurs. Resolving around the core of improving the thinking methods and X+Innovation Space capability of founders or teams, Tsinghua SEM X-elerator provides in-depth comprehensive services including Based on the concept of collaborative culture, a new- entrepreneurial research and development (R&D), business generation working-space is provided to accelerate the growth design, resource allocation and business model innovation of start-ups, which means that Tsinghua SEM X-elerator will for top innovation projects that are selected into the X-elerator attract entrepreneurs from all over the world to enjoy the nationally or even globally. innovative atmosphere and resources here.

Tsinghua SEM X-elerator provides four types Bo’Le Mentors Club of unique service: The companionship of outstanding mentors can best facilitate young entrepreneurs’ growth. In the Mentor Club, the most Global Entrepreneurial Leaders Club (GEL excellent elites will lead entrepreneurs’ path to mature thinking; Club) masters in all walks of life will assist young talents to set their value orientation and establish their own unique competitive It provides valued-added growth capital for selected members, advantages to become the next-generation entrepreneurs with and educates the founders to become excellent leaders global vision. through intensive training in the ‘Innovation Lab’. 2015 - 2016 Tsinghua SEM Programs 57 Tsinghua SEM 2015 - 2016 58 Research

Research

Research Overview

Tsinghua SEM faculty are at the forefront of academic research. Over the past three decades, faculty members have done exceptional research work across multiple economics and management disciplines. Tsinghua SEM emphasizes applied research in areas relevant to the needs of government and private sectors.

First-tier Disciplines National Research Centers

Theoretical Economics National Philosophy and Social Sciences Innovation Base Applied Economics - Research Base for Contemporary Management and Business Administration Technological Innovation Management Science and Engineering Key Research Institute of Humanities and Social Sciences at Universities Research Projects - Research Center for Contemporary Management - Research Center for Technological Innovation As of september 2015, Tsinghua SEM has undertaken 344 research projects funded by the National Natural Science Foundation of China and over 500 projects for a variety of Publications government ministries and commissions. The School has 3 major Average over 300 per year projects funded by the National Natural Science Foundation, Papers: 1 major project funded by the National Social Science Fund, Books: Average over 35 per year 3 projects funded by the Foundation for Innovative Research Groups of the National Natural Science Foundation, and 9 projects by the National Natural Science Funds for Distinguished Young Scholars.

- Annual average in the past few years:

- National Natural Science Foundation: 20+ projects

- National Social Science Fund: 2 projects

- National Strategic and Soft Science Projects: 2 projects 2015 - 2016 Tsinghua SEM Research 59

Major Research Projects

Principle Investigator Project Title Project Type Starting Year

CHEN Jian Research on Business Management in Big Data Era Major Projects under National Natural Science Foundation of 2015 China

YAO Dawei Data Analytics and Decisions for Healthcare Key Projects under National Natural Science Foundation of 2015 China

CHEN Guoquan Research on Business Organization Management Science Fund for Creative Research Groups under National 2015 System and its Transformation under a Complex and Natural Science Foundation of China Changing Environment

CAO Jing Energy,Environment and Climate Change Economics Projects under National Science Fund for Excellent Young 2015 Scientists Fund

CHEN Yubo Marketing and Business Innovation in an Projects under National Science Fund for Distinguished Young 2014 Interconnected World Scholars and National Natural Science Foundation of China

CHEN Jian Mobile Recommender Systems in Big Data Era Projects under National Science Fund for Overseas and Hong 2014 Kong and Macao Scholars Joint Research

XUE Jian The Production and Effects of Accounting Information Projects under National Science Fund for Excellent Young 2014 Scientists Fund

XU Xin Firm-Level Information Management – Applications Projects under National Science Fund for Distinguished Young 2013 and Implications of Information Technology in Scholars and National Natural Science Foundation of China Enterprise Management

XIAO Yongbo Demand Management Strategy Projects under National Science Fund for Excellent Young 2013 Scientists Fund

CHEN Jian Theory and Methodology of Supply-Chain Modeling, Key Projects under National Natural Science Foundation of 2013 Optimization and Coordination in the Low Carbon Era China

YANG Bin Strategic Leadership Study of Chinese Companies: Key Projects under National Natural Science Foundation of 2013 The Model and Its Validity of Collective Leadership China

LEI Jiasu Route and Strategic Research Based on Scientific Key Projects under National Social Science Fund of China 2012 Study on Self-Innovation in Technology

CHEN Guoquan Research on Business Organization Management Science Fund for Creative Research Groups under National 2012 System and its Transformation under a Complex and Natural Science Foundation of China Changing Environment

CHEN Guoqing The Growth Patterns and Key Factors for SMEs on Major Projects under National Natural Science Foundation of 2012 Emerging e-Business Platforms China

LI Hongbin Economic Analysis and Policy Study on the Gender Projects under National Science Fund for Distinguished Young 2011 Ratio Imbalance Scholars and National Natural Science Foundation of China

BAI Chong-en Chinese Citizens' Income Distribution Mode and Major Projects under National Social Science Fund 2010 Reform Scheme during the Twelfth Five-year Plan

CHEN Guoqing Research on Major Fundamental and Technological Major Projects under National Natural Science Foundation of 2009 Issue in Emerging e-Business China

HUANG Jinghua Research on the Information Systems Adoption, Key Projects under National Natural Science Foundation of 2009 Diffusion and Business Value China

LI Zinai The Study about the Methodology Foundation of Key Projects under National Social Science Fund of China 2008 Econometric Models

YANG Baiyin A Multi-Level Study of the Impacts of Organizational Projects under National Science Fund for Distinguished Young 2008 Culture on Employees' Creativity and Organizational Scholars of National Natural Science Foundation of China Innovativeness

TONG Yunhuan Study on BOP Market Oriented Technology and Major International Projects under National Natural Science 2008 Business Innovation Models Foundation of China

BAI Chong-en A Study on Government Welfare Expenditure Projects under National Science Fund for Distinguished Young 2007 Scholars and National Natural Science Foundation of China

CHEN Guoquan The Study on the Theory and Practice of Leader's Projects under National Science Fund for Distinguished Young 2007 Individual Learning, Team Learning and Organizational Scholars and National Natural Science Foundation of China Learning in Chinese Companies

ZHAO Ping Research on Chinese Brand Development and Key Projects under National Natural Science Foundation of 2007 Innovation China

ZHAO Chunjun Research on Theory and Practice of Chinese Special Projects of the State Council 2006 Enterprises Management

LIU Liwen Logistics Service Models and Operation Strategies Key Projects under National Natural Science Foundation of China 2006 Tsinghua SEM 2015 - 2016 60 Research

Selected Papers Published in International Journals in 2014

Department Authors Paper Title Journal

Accounting LUO Ting The implementation effects of expanded consolidation: Accounting The case of consolidating special purpose entities and Finance

Economics JIANG Yongkai, Virtual Water In Interprovincial Trade With Implications Journal of CAI Wenjia, DU Pengfei, For China Cleaner Production PAN Wenqing, WANG Can

BAI Chong-en, Health Insurance and Consumption: Evidence from Journal of WU Binzhen China's New Cooperative Medical Scheme Comparative Economics

LIU Xiao, YANG Jiang, Crowdsourcing with All-pay Auctions: a Field Management Lada Adamic, Experiment on Taskcn Science CHEN Yan

WEN Yi When and how to exit quantitative easing? Federal Reserve Bank of St. Louis Review

CHEN Bo, MA Hong, Measuring China’s Trade Liberalization: A Generalized Journal of XU Yuan Measure of Trade Restrictiveness Index Comparative Economics

David Eil, Jaimie Lien Staying Ahead and Getting Even: Risk Attitudes of Games and Experienced Poker Players Economic Behavior

Kai Reimers, How Do Industry-wide Information Infrastructures Information Systems Journal LI Mingzhi, XIE Bin, Emerge? -A Life Cycle Approach GUO Xunhua

Rob Feenstra, Trade Facilitation and the Extensive Margin of Exports Japanese Economic Review MA Hong

BAI Chong-en, Do College Entrance Examination Scores Predict China Economic Review CHI Wei, QIAN Xiaoye Undergraduate GPAs? A Tale of Two Universities

BAI Chong-en, Measuring Market Concentration in China: the Problem MAO Jie, China Economic Review ZHANG Qiong with using Censored Data and its Rectification

BAI Chongen, LI Qi, Property Taxes and Home Prices: A Tale of Two Cities Journal of Econometrics OUYANG Min

MA Mingming, Magnet classes and educational performance: Economic Development and SHI Xinzheng Evidence from China Culturral Change

WU Binzhen, Matching Mechanisms and Matching Quality: Evidence Games and Economic Behavior ZHONG Xiaohan from a Top University in China

OUYANG Min Plant life cycle and aggregate employment dynamics Macroeconomic Dynamics

Gary Gorton, HE Ping, Journal of Economic Theory Finance Agency Based Asset Pricing HUANG Lixin

LIAO Li, LIU Bibo, China’s Secondary Privatization: Perspectives from the Journal of Financial Economics WANG Hao Split-Share Structure Reform

JIANG Lie Stock liquidity and the Taylor rule Journal of Empirical Finance 2015 - 2016 Tsinghua SEM Research 61

Department Authors Paper Title Journal

Innovation, Isaac Holloway Foreign entry, quality, and cultural distance: product- Rev. World Econ. level evidence from US movie exports Entrepreneurship and Strategy WANG Fangrui, The effect of R&D novelty and openness decision on firms' Technovation CHEN Jin catch-up performance: Empirical evidence from China

GAO Xudong, Understanding MNEs’ declined position in the adoption Telecommunications Policy Martina Gerst, of locally developed technology standard in China: A SUN Rongling positioning and cognitive perspective

Research Technology GAO Xudong The Rules Have Changed A Case Study of Chinese Government Support of Local Technologies Management

GAO Xudong A latecomer's strategy to promote a technology Research Policy standard: The case of Datang and TD-SCDMA

Building Entrepreneurs' Innovativeness through Technological Analysis & JIAO Hao, CUI Yu, Knowledge Management: the Mediating Effect of ZHU Yunxia, CHEN Jin Strategic Management Entrepreneurial Alertness

WANG Yuandi, NING Product diversification through licensing: Empirical European Management Lutao, CHEN Jin evidence from Chinese firms Journal

WANG Yuandi,PANXin, Visualizing knowledge space: A case study of Chinese Scientometrics WANG Xinyu,CHENJin, licensed technology, 2000-2012 NING Lutao, QIN Ying

FU Xiaolan, LI Jizhen, Open Innovation as a Response to Constraints and Asian Economic Papers XIONG Hongru, Henry Risks: Evidence from China Chesbrough QI Meng, WANG Yi, The evolution of R&D capability in multinational International Journal of ZHANG Yue, ZHU corporations (MNCs) in emerging markets: evidence Technology Management Hengyuan from China

Thomas Chemmanur, A Theory of Mandatory Convertibles Journal of Banking Debarshi Nandy, YAN An, JIAO Jie and Finance

Leadership and HE Hongwei, ZHU Procedural Justice and Employee Engagement: Roles of Journal of Business Ethics Weichun, ZHENG Organization Xiaoming Organizational Identification and Moral Identity Centrality Management John Budd, CHI Wei, What Do Unions in China Do? Provincial-Level Evidence Journal of Labor Research WANG Yijiang, on Wages, Employment, Productivity, and Economic XIE Qianyun Output

Kwok Leung, Learning Goal Orientation And Creative Performance: Asia Pacific Journal of CHEN Tingting, The Differential Mediating Roles Of Challenge And Management CHEN Guoquan Enjoyment Intrinsic Motivations

Elena Obukhova, When Politics Frozen Fashion: The Effects of the Cultural American Journal of Sociology Ezra Zuckerman, Revolution on Naming in Beijing, 1964-1969 ZHANG Jiayin CHEN Guoquan, Leader productivity and people orientations for The International Journal of Dean Tjosvold cooperative goals and effective teams in China Human Resource Management

CHEN Xiao, The effect of priming learning vs. performance goals on Organizational Behavior and Gary P. Latham a complex task Human Decision Processes

CHI Wei, Trends in China’s gender employment and pay gap: Journal of Comparative LI Bo Estimating gender pay gaps with employment selection Economics

WANG Xueli, MA Lin, How Transformational Leadership Influences Agency Social Behavior and Personality ZHANG Mian Workers’ Organizational Commitment: the Mediating Effect of Organizational Justice

Management LIU Guannan, ZHANG Jin, An approach to finding the cost-effective immunization Decision Support Systems Science and CHEN Guoqing targets for information assurance Engineering Tsinghua SEM 2015 - 2016 62 Research

Department Authors Paper Title Journal

HE Jun, LIU Hongyan, Assessing Single-Pair Similarity over Graphs by Information Systems Jeffrey X. Yu, LI Pei, Aggregating First-Meeting HE Wei, DU Xiaoyong

WANG Kaibo, Arthur Yeh, Simultaneous Monitoring of Process Mean and Computational Statistics and LI Bo Covariance Matrix via Penalized Likelihood Estimation Data Analysis

WANG Weiquan, ZHAO Effects of Emoticons on the Acceptance of Negative Journal of the Association for Yi, QIU Lingyun, ZHU Yan Feedback in Computer-Mediated Communication Information Systems

ZHANG Yan, Cost-based pricing model with value-added tax and Applied Mathematical HUANG Jinghua corporate income tax for a supply chain network Modelling

GUO Xunhua, Kai Network Relations and Boundary Spanning: Journal of Information Reimers, XIE Bin, Understanding the Evolution of e-Ordering in the Technology LI Mingzhi Chinese Drug Distribution Industry

LIU Hongyan, YANG A Tree-Based Contrast Set Mining Approach to INFORMS Journal on Yinghui, CHEN Zhuohua, Detecting Group Differences Computing ZHENG Yong

WEI Guiwu, CHEN Jian, Stochastic efficiency analysis with a reliability Omega, The International Journal WANG Jiamin consideration of Management Science

WU Junjie, LIU Hongfu, K-means-based Consensus Clustering: A Unified View IEEE TRANSACTIONS ON XIONG Hui, CAO Jie, KNOWLEDGE AND DATA CHEN Jian ENGINEERING

WU Peng, CHAO Xiuli, On the replenishment policy considering less expensive Operations Research Letters CHEN Jian but non-committed supply

XIA Meimei, CHEN Jian Multi-criteria group decision making based on bilateral European Journal of agreements Operational Research

YANG Liu, Francis de Time-Based Competition with Benchmark Effects Manufacturing & Service Vericourt, SUN Peng Operations Management

ZHANG Jin, WEI Qiang, A Heuristic Approach for lambda-Representative Information Sciences CHEN Guoqing Information Retrieval from Large-Scale Data

ZHANG Juliang, Information Sharing in a Make-to-Stock Supply Chain JOURNAL OF INDUSTRIAL AND CHEN Jian MANAGEMENT OPTIMIZATION

HUANG Jinghua, Business Value of Enterprise Business Value of Journal of Global Information ZHANG Jing, LI Yangfan, Enterprise Micro-blogging: Empirical Study from Weibo. Management LV Zhepeng com in Sina

WEN Zhong Mixed pricing in oligopoly with limited monopoly Economics Letters

Marketing MA Baolong, Zhang Lin, The Impact Of A Product-Harm Crisis On Customer International Journal of Market Wang Gao, LI Fei Perceived Value reseach

YAO Qing, Gift Cards and Gifted Cash: the Impact of Fit between Journal of Retailing CHEN Rong Gift Type and Message Construal

CHEN Rong, Does Cause Congruence Affect How Different Corporate Australian Journal of SU Song, Associations Influence Consumer Responses to Cause- Management HE Feng Related Marketing?

LIU Wenjing Utility Blindness: Why Do We Fall For Deals? Journal of Consumer Behaviour

LIU Xia, LIU Yong, Star power in the eye of the beholder: A study of the Marketing Letters Tridib Mazaumdar influence of stars in the movie industry

LIU Xia, WANG Yinglei, Understanding the diffusion of mobile digital content: a Information Systems and CHEN Xi, JIANG Xuping growth curve modelling approach e-Business Management 2015 - 2016 Tsinghua SEM Research 63

China Journal of Economics China Business Case Center

Launched in March 2014, China Journal of Economics is Tsinghua SEM’s China Business Case Center is the first an academic journal in the fields of economics. The Journal academic institute in China dedicated to promoting the case publishes original research articles method in business education and sharing knowledge and in Chinese on general economics expertise in case writing, teaching, and learning. The Center issues as well as on China-specific houses a collection of more than 400 cases on Chinese topics. China Journal of Economics companies with an annual addition of 50 new cases. The encourages independent and case collection spans a wide spectrum of industry sectors objective research, and advocates and academic disciplines, including strategy, innovation rigorous methodologies. It serves and entrepreneurship, accounting and control, finance, to make contributions to China’s management of information technology, human resources and economic research and analysis. leadership, marketing, among others. The case collection is subscribed by more than 430 educational institutions in China. Many companies and financial institutions also subscribe to the case collection for use in their internal training.

The China Business Case Center has established strategic partnerships with Harvard Business Publishing and the Case Tsinghua Business Review Centre in Europe that for global case distribution. As of 2014, 34 Tsinghua cases have been distributed online by Harvard Business Publishing and the Case Centre. Launched in April 2011, Tsinghua Business Review is a management magazine published in Chinese. Tsinghua The China Business Case Center provides two workshops Business Review aims to provide each year on case development and teaching for business innovative ideas for business educators across the country. The center also organizes leaders, bridge the gap between annual conference on management case studies, and runs management research and national case competitions. practices, and provide rigorous, objective and in-depth analysis and new insights on Chinese management issues. Tsinghua SEM 2015 - 2016 64 Research

Research Support

Information Technology and Services across the board areas of management and business. The Platform Library currently subscribes to 600 periodicals, including 160 in foreign language. In recognition of the growing trend Tsinghua SEM embarked on a major IT project in 2009 that towards digitalization, the SEM library and other Tsinghua aims to empower education with technological innovation. libraries now provide faculty and students access to a wide Building upon a deep understanding of the demands of the spectrum of online databases and digital content, including modern classroom and the need of today’s students and Blackwell, EBSCO, Elsevier, JSTOR, OCLC, Springer, SAGE, educators, the new information technology and services PROQUEST, EMERALD , WIND, CSMAR, EPS, RESET, platform is intended to provide an efficient, cost-effective and BVD MacroChina Industries Database, DATE, ZDBChina user-friendly platform for communication, knowledge exchange and Global Cases Discovery System. Since October 2013, and resource sharing. It also seeks to facilitate admission, the SEM library and other libraries on campus began to offer teaching, research, and other school activities. The school universal-return service that allows borrowers to return books buildings are now fully equipped with wireless Internet access. to any campus library location. The SEM library has become a The internet and teleconferencing systems enable faculty and digitalized, research-oriented modern library that supports the students to engage in intellectual activities anytime and from research and curricular needs of its faculty and students. any location. A comprehensive suite of statistical software including SPSS, SAS, Mathematica, STATA, and GAUSS are also available on the new platform to support faculty research Laboratories and teaching. Management Information Systems Laboratory Library Enterprise Resource Planning (ERP) Laboratory

Established in 1985, Tsinghua SEM library has a floor area Behavior and Communication Laboratory of 900 square meters and houses a collection of more than Advanced ICT Laboratory 100,000 business books in Chinese and over 10,000 books in foreign language. Approximately 6,000 new books are added to the collection each year. The School makes substantial investments to expand subscriptions to leading Chinese and internationalLibrary academic journals, newspapers and magazines 2015 - 2016 Tsinghua SEM International Collaborations 65

International Collaborations

Membership in International Organizations

AACSB 2002 Tisnghua SEM became a member of the Association to Advance Collegiate Schools of Business (AACSB) 2007 Tisnghua SEM obtained AACSB accreditation and became the first school on the Chinese mainland with AACSB accreditation 2012 Tisnghua SEM became the first school on the Chinese mainland to achieve AACSB maintenance of accreditation Tisnghua SEM hosted the 2012 Asia Pacific Annual Conference

AAPBS 2004 Tisnghua SEM participated in initiating the Association of Asia-Pacific Business Schools (AAPBS) 2005 Tisnghua SEM hosted the First Annual Conference of AAPBS

CEMS 2006 Tisnghua SEM became an Associate Academic Member of the Community of European Management Schools (CEMS) 2011 Tisnghua SEM joined CEMS, becoming the only Chinese school with CEMS membership 2014 Tisnghua SEM hosted the annual Strategic Board meeting

EFMD 2006 Tisnghua SEM became a member of the European Foundation for Management Development (EFMD) 2008 Tisnghua SEM was awarded EQUIS accreditation by EFMD 2011 Tisnghua SEM was re-accredited by EFMD and maintained its EQUIS label

Executive MBA 2003 Tisnghua SEM became a member of the Executive MBA Council Council 2004 Tisnghua SEM hosted the Asia regional meeting 2014 Tisnghua SEM hosted the Asia regional meeting

GMAC 2008 Tisnghua SEM became a member of the Graduate Management Admission Council (GMAC)

PIM 2005 Tisnghua SEM became a member of the Partnership in International Management (PIM) 2013 Tisnghua SEM co-hosted the 40th Annual PIM Conference

PRME 2007 Tsinghua SEM participated in the Principles for Responsible Management Education (PRME) initiative

UNICON 2008 Tisnghua SEM became a member of the International University Consortium for Executive Education (UNICON) Tsinghua SEM 2015 - 2016 66 International Collaborations

In-depth Partnerships and Collaborations with World’s Top Business Schools

HBS HEC Paris INSEAD

2001 1998 2006 Partnerships with Harvard Business Partnerships with HEC Paris include faculty Partnership with INSEAD in launching School include co-branding of executive exchanges, executive education programs, the Tsinghua-INSEAD Dual Degree education programs, faculty exchanges and MBA dual-degree programs EMBA Program and case development 2013 Partnership with HEC Paris in launching the dual-degree program of Master in International Finance

MIT Sloan Stanford GSB Wharton

1996 2005 1997 Partnership with MIT Sloan School of Partnership with Stanford Graduate Partnership with the Wharton School Management in launching the International School of Business in launching the of the University of Pennsylvania in MBA Program Stanford-Tsinghua Exchange Program launching faculty exchanges (STEP) 2010 Partnership with the Wharton School of the University of Pennsylvania in launching student exchanges 2015 - 2016 Tsinghua SEM International Collaborations 67

Extensive International Student Exchange Network

Tsinghua SEM’s extensive network of international exchange partners provides tremendous opportunities for students to gain international experiences. The SEM currently has student exchange partnerships with 107 international institutions around the globe. In 2015, the School provided more than 430 study abroad opportunities for students and enrolled approximately 400 reciprocal exchange students from partner schools.

A Partial List

North America Europe Asia-Pacific

Babson School of Business Bocconi University Chinese University of Hong Kong Columbia University Copenhagen Business School Hong Kong University of Science and Technology Cornell University (Johnson) ESADE Business School Indian Institute of Management Duke University (Fuqua) ESSEC Indian School of Business MIT (Sloan) HEC Paris Keio University New York University (Stern) Instituto de Empresa Business School Nanyang Technological University Northwestern University (Kellogg) Katholieke Universiteit Leuven National Taiwan University Queen's University Norwegian School of Economics and Business Administration National University of Singapore Stanford University London Business School Seoul National University UC Berkeley (Haas) St. Petersburg University singapore management university UCLA (Anderson) University of Cologne Thammasat Business School University of Michigan (Ross) University of Zurich University of Auckland UNC-Chapel Hill (Kenan-Flager) Vienna University of Economics and University of Melbourne University of Pennsylvania Business Administration (Wharton) University of Sydney University of Toronto (Rotman) Waseda University University of Western Ontario (Ivey) Latin America Africa Yale University FGV-EAESP University of the Witwatersrand Pontificia Universidad Catolica de Chile Tsinghua SEM 2015 - 2016 68 Alumni

Alumni

Tsinghua SEM is extremely fortunate to have a strong alumni in 2000, the EMBA Alumni Association in 2002, the Doctoral community. Alumni play vital roles in building positive awareness Alumni Association in 2013, and the Undergraduate Alumni of the School and make significant contributions to help transform Association and the Master’s Alumni Association in 2014. the SEM into a world-class higher education institution. In 2014, the School also established Tsinghua SEM Alumni The SEM currently has more than 26,000 alumni from its degree Association, an umbrella organization that incorporates all of programs, over 2,400 alumni from collaborative degree programs, SEM's alumni associations and chapters. and over 60,000 alumni from non-degree programs. The SEM has On May 25, 2013, Tsinghua SEM established Tsinghua SEM engaged in a number of initiatives to help alumni stay connected Hong Kong Alumni Association. On November 16, 2014, the with each other and with the School, including a dedicated School established Tsinghua SEM Southeast Asia Alumni online community for alumni and friends, a comprehensive Association. On April 18, 2015, the School established Tsinghua alumni database, alumni reunions and other events, forums and SEM North America Alumni Association and its four regional seminars that help alumni obtain new knowledge, expand their chapters. social networks and facilitate professional development. The Since 2010, the SEM has organized several Alumni Day events School also runs an alumni magazine and an alumni e-newsletter, in different parts of China in an effort to connect alumni with and uses various social media tools to keep our alumni informed each other, keep them updated on latest school initiatives and of school news and activities. future development plan, and engage them for substantive Alumni associations serve to foster a mutually beneficial discussions on the issues facing China's economy. Alumni relationship between the SEM and its alumni, and provide a wide Day events have been held in Shanghai, Beijing, Shenzhen, range of opportunities, services and resources to support alumni Hangzhou and Hong Kong, attracting more than 2,300 alumni. activities. The School established the MBA Alumni Association 2015 - 2016 Tsinghua SEM Alumni 69

Tsinghua SEM Alumni Association

Structure

by Program Tsinghua SEM Tsinghua SEM Ph.D. Tsinghua SEM Master's Undergraduate Alumni Alumni Association Alumni Association Association

Tsinghua SEM MBA Tsinghua SEM EMBA Tsinghua SEM Executive Alumni Association Alumni Association Education Alumni Association

by Region Tsinghua SEM Shanghai Tsinghua SEM Shenzhen Tsinghua SEM Sichuan Alumni Association Alumni Association Alumni Association

Tsinghua SEM Shenyang Alumni Association

Tsinghua SEM Hong Kong Tsinghua SEM Southeast Tsinghua SEM North America Alumni Association Asia Alumni Association Alumni Association

• Singapore Chapter • East US Chapter • West US Chapter • East Canada Chapter • West Canada Chapter

By Specialty Tsinghua SEM Tsinghua SEM Reading Tsinghua SEM Entrepreneurship Association Photography Association Association

Tsinghua SEM Outdoor Tsinghua SEM Internet Sport Association Association To Advance Knowledge and Cultivate Leaders for China and the World.

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